A Serious Fraud Office (SFO) case against two alleged fraudsters has collapsed after a jury failed to agree on a verdict at the retrial.
Jared Bentley Brook and Lincoln Julian Fraser, former directors of Imperial Consolidated Group, were today acquitted of causing the collapse of the international investment company in 2002 which left a £150m black hole. The verdict follows their retrial which concluded on 28 June 2010 after 150 days. A jury had already returned a 'not guilty' verdict on one count of conspiracy to defraud. However, they failed to reach verdicts on the remaining counts of conspiracy and fraudulent trading and were subsequently discharged. The SFO decided not to seek a further retrial. A SFO case agai...
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