Fake UK Touchstone Exploration takeover bidder gets suspended sentence
Tue 16:57
Fake UK Touchstone Exploration takeover bidder gets suspended sentence LONDON, Nov 10 (Reuters) - A British investor in Touchstone Exploration TXP.TO, TXP.L, who staged a bogus takeover in an attempt to drive up the Canada-based oil and gas group's share price, was on Tuesday handed a two-year suspended jail sentence by a London court.
Christopher Woolcott, 44, met Touchstone's CEO in a London hotel under a false name, invented different identities and forged takeover documents using ChatGPT to stage a purported 154 million pound ($207 million) takeover offer, the Financial Conduct Authority said.
($1 = 0.7437 pounds)
(Reporting by Kirstin Ridley. Editing by Mark Potter)
((kirstin.ridley@thomsonreuters.com; +44 (0) 207 513 5666;))
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Fake UK Touchstone Exploration bidder gets suspended sentence (updated)
Fake UK Touchstone Exploration takeover bidder gets suspended sentence