Damian Williams, the United States Attorney for the Southern District of New York, announced that the boiler room operators Christopher Wright and Steven Hooper were sentenced to 52 months in prison and 42 months in prison, respectively, for defrauding elderly victims in connection with the fraudulent sale of stock and fake carbon credits as part of an over $16 million international telemarketing scheme. In total, victims lost over $16 million. Wright and Hooper previously pled guilty before U.S. District Judge Jed S. Rakoff, who imposed the sentences.