One acquittal, two no-decisions at Imperial Consolidated trial

By David Marchant

16 years ago

Topics

Fraud Investment United Kingdom

Keywords

Imperial Consolidated Jared Brook Lincoln Fraser Nicholas Fraser Robert Raven

The trial in the United Kingdom of three former officers of the Imperial Consolidated Group, which collapsed in 2002 with debts of more than $300 million, has ended without any convictions.After hearing evidence for five months and deliberating for ten days, a jury of ten people today acquitted Nicholas Fraser, 34, of one count of conspiracy to commit fraud and could not reach a verdict regarding a similar charge against his brother, Lincoln Fraser, 36, and Jared Brook, 38, even after Justice Elizabeth Gloster, sitting at Blackfriars Crown Court, in London, informed them she would accept a 9-1 majority decision.

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