Two former partners of Arck, Kathryn Joy Clark and Richard Aston Clay, have today been charged with fraud and forgery offences by the Serious Fraud Office and Nottinghamshire Police.
Between 2006 and 2012 Clark and Clay allegedly created and marketed various unregulated financial products which they made available to individual investors through regulated independent financial advisers. It is estimated that approximately £60m was invested in these products by individual investors and, in some cases, IFAs themselves. The charges against Clay and Clark relate to fraud by misrepresentation and forgery offences. Both have been bailed to appear at Westminster Magistrates' Court on Friday, 29 November. The SFO and Nottinghamshire police have worked jointly on this in...
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