FSA warns against 'too-good-to-be-true' investments

The Financial Services Authority is warning consumers to steer clear of investment schemes offering unrealistic returns at "no risk". The warning follows the regulator's announcement that it has obtained a High Court judgment against Michael Dinmore from NCI International Limited and Roelof Hofman of D&R Consulting Group Limited for contraventions of the Financial Services Act 1986. According to the ruling, Dinmore introduced nine UK investors in October 1999 to three "programs" operating in the US, promoting them on the basis it could return in excess of 75% per annum "with no risk ...