James Sutherland and Jack Flader have been acquitted of a money laundering offence by a jury at Southwark Crown Court. Both were found not guilty of one count under section 328 Proceeds of Crime Act 2002 after a nine-week trial.

The acquittal occured on 17 March 2016. Section 328 is the vague catch-all section that convicts someone for being "concerned in an arrangement" which he knows or suspects facilitates the use or criminal property, unless he sends off a suspicious transaction report to the National Crime Agency and acquires consent for the transaction in question.

This was the last in a series of three trials centred on 'boiler room' fraud – nine convictions were obtained at the earlier trials in 2013 and 2014. This last trial focused on those alleged to have laundered the proceeds of the earlier fraud. The prosecutors tried to pin the blame for laundering the proceeds of earlier frauds conducted between 2003 and 2008 on the pair, who lived in Hong Kong.