Tony Morris, the man at the centre of the £52m GP Noble pension scheme fraud trial, began giving evidence in his defence yesterday.
Morris, one of the founding directors of financial services consolidation outfit The Money Portal (TMP) denies all allegations of fraud in the ongoing case, brought by the Serious Fraud Office (SFO). A total of £52m was transferred from nine pension schemes under the independent trusteeship of GP Noble, a business which had been bought out by TMP. Morris is alleged to be a "deeply involved central figure" in the transfers, which saw pension fund assets transferred into foreign bank accounts before being earmarked for risky investment schemes, such as beach front property developments ...
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