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Michael Nascimento sentenced to 11 years’ imprisonment in FCA prosecution of £2.8m investment fraud

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Michael Nascimento*was today sentenced to 11 years’ imprisonment for his role in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8 million of investors’ money. He was the controlling mind, instigator and the main beneficiary of the fraud.

 

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Mr Nascimento deserves fully his sentence, however I don't understand why people stabbing their victims scarring them for life only get a couple of years.

Is it because money is more important than life?

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I suspect that the sentence was so high due to the fact there were multiple victims of this guy. I agree that physical violence should attract a higher sentence but we don't know what happens in a court room where there are other factors to take into account. early guilty plea, mitigation and perhaps even a deal with the prosecution.


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