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Husband of missing British mother arrested for boiler room fraud
| Published: | 18 Jan at 6 PM |
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Paul Muldoon is to be extradited to face boiler room fraud charges after being detained by police using a European Arrest Warrant.
The abusive husband of missing British mother Rebecca Muldoon is to be extradited to the UK under a European Arrest Warrant for running a boiler room investment scam which defrauded British pensioners. Before he was arrested by British investigators, Muldoon was one of the UK’s most wanted financial scammers and had been on the run for over a year.
He and his accomplices had been accused of running a fraudulent boiler room operation which promised massive returns for investments in rare earth metals. The scam targeted British pensioners and netted the fraudsters some hundreds of thousands of pounds. The gang had a virtual office in the Canary Wharf development and used Coutts’ bank in order to give the scam an air of prestigious respectability. In addition to the fraudulent precious metals investment, they also offered Brazilian land plots and poor quality diamonds, with one 83-year old widow losing £235,000 before the gang fled the UK.
The rare metals scam is well known nowadays, but was less so when the gang were operating five years ago. Other investment scams at that time touted so-called fine wines including champagne, art, storage unit investments and carbon credits.
Although sources informed local media that clothes worn by the body discovered several days ago as well as its appearance confirmed the corpse was that of missing Rebecca Muldoon, Spanish police have not yet issued confirmation of her death. According to officials, her husband was in custody at the time her disappearance was reported, and the first autopsy of the body showed no signs of violence. However, Rebecca’s sister Sabrina has set up a Just Giving page to help the family with the cost of repatriation and a funeral.
The abusive husband of missing British mother Rebecca Muldoon is to be extradited to the UK under a European Arrest Warrant for running a boiler room investment scam which defrauded British pensioners. Before he was arrested by British investigators, Muldoon was one of the UK’s most wanted financial scammers and had been on the run for over a year.
He and his accomplices had been accused of running a fraudulent boiler room operation which promised massive returns for investments in rare earth metals. The scam targeted British pensioners and netted the fraudsters some hundreds of thousands of pounds. The gang had a virtual office in the Canary Wharf development and used Coutts’ bank in order to give the scam an air of prestigious respectability. In addition to the fraudulent precious metals investment, they also offered Brazilian land plots and poor quality diamonds, with one 83-year old widow losing £235,000 before the gang fled the UK.
The rare metals scam is well known nowadays, but was less so when the gang were operating five years ago. Other investment scams at that time touted so-called fine wines including champagne, art, storage unit investments and carbon credits.
Although sources informed local media that clothes worn by the body discovered several days ago as well as its appearance confirmed the corpse was that of missing Rebecca Muldoon, Spanish police have not yet issued confirmation of her death. According to officials, her husband was in custody at the time her disappearance was reported, and the first autopsy of the body showed no signs of violence. However, Rebecca’s sister Sabrina has set up a Just Giving page to help the family with the cost of repatriation and a funeral.
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