Arrests in bogus high-yield fund scam - papers

Another man is being hunted in connection with the allegedly bogus high-yield fund in which 600 investors around the world lost money, The Times reports. City of London fraud squad detectives detained John Anderson, 43, and Kenneth Peacock, 40, in dawn raids on addresses in London and Surrey. They have been questioned on suspicion of conspiracy to defraud, money laundering and fraud by misrepresentation. A third suspect, who has not been named, is believed to be overseas. Full story...