A disqualified director who admitted losing and spending £14m of investors' money as part of Madoff-style Ponzi scheme has been jailed for eight years.
Terry Freeman, 63, was sentenced at Southwark Crown Court yesterday after an investigation by the City of London Police. Freeman had earlier pleaded guilty to fraudulent trading, engaging in business while bankrupt, acting as a director when bankrupt and acting in contravention of a disqualification order. The case prompted one senior officer at the force to describe the case as a "brutal reminder of how brazen investment fraudsters can be". Detectives uncovered how up to 700 people invested in Freeman's company, GFX Capital Ltd, with the promise of no risk and high returns on the ...
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