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Father-in-law of soccer mega star Gareth Bale sentenced to 6 years in prison for stock scam

August 31, 2016  |  Posted by: JammedUp Staff
Father-in-law of soccer mega star Gareth Bale sentenced to 6 years in prison for stock scam

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A U.S. federal district court judge in New York has sentenced the future father-in-law of soccer megastar Gareth Bale for his role in a stock fraud scam.

According to the Spanish sports publication AS, Martin Rhys-Jones, the father of Emma Rys-Jones received a 6-year sentence after pleading guilty in June.

The Real Madrid superstar became engaged with the daughter of Rhys-Jones,’ who he has two kids with, last month. According to his defense attorney, Rhys-Jones has not had any contact with his family for over four years.

Federal prosecutors indicted Rhys Jones on securities fraud for his role in a ‘boiler room’ scam which saw him, and his co-conspirators scam hundreds of unsuspecting investors in the United States, Canada, and the United Kingdom, using high-pressure tactics into buying worthless shares at significantly inflated prices.

FILE PHOTO: Gareth Bale Real Madrid. Gareth Bale and his girlfriend Emma Rhys-Jones during the PFA Player of the Year Awards 2013

FILE PHOTO: Gareth Bale Real Madrid. Gareth Bale and his girlfriend Emma Rhys-Jones, whose father was sentenced to six years in prison for stock fraud

“This was fraud, plain, and simple, motivated by greed and self-interest and didn’t take into account the people you were harming,” Federal Judge Elizabeth Wolford for the Western District of New York in Buffalo said during the sentencing hearing.

Wolford also cited one victim, an Alzheimer’s sufferer who was scammed out of $400 thousand.

Rhys-Jones has time served credited to his sentence after spending 4 years in custody in both Spain and the United States, which means he is likely to serve another 12 months in prison.

Additionally, Wolford also ordered Gareth Bale’s future in law to repay $2.6 million in restitution to his victims.

Bale and his daughter initially postponed their wedding with the hope her father could attend.

Gareth Bale sits among the top four or five top soccer players in the world along the likes of Lionel Messi and his teammate Cristiano Ronaldo with Spanish giants Real Madrid.

Real Madrid paid a world record $90 million transfer fee for the ‘Welsh Dragon’ to English Premier League side Tottenham Hotspur back in 2013.

Since his acquisition, the Madrid side has secured two Uefa Champions League titles and a Spanish Coppa del Rey.

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