City directors convicted in £23m investment fraud

Laura Miller
clock

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

The convictions relate to the Sustainable Growth Group (SGG) and its subsidiary companies Sustainable AgroEnergy (SAE) and Sustainable Wealth (UK) Investments (SWI). Gary Lloyd West, former director and chief commercial officer of SAE, James Brunel Whale, former director, chief executive officer and chairman of SGG and Stuart John Stone, director of SJ Stone Ltd, a sales agent of unregulated pension and investment products, were all convicted of fraud-related offences at Southwark Crown Court. The SFO's criminal investigation focused on the selling and promotion of SAE investment prod...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read