IFAs on the hook for collapsed £60m offshore property scheme

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UK IFAs are among hundreds of creditors facing severe losses in a £60m property scheme marketed as low risk but "tainted with illegality", according to the firm's liquidators.

The Louis Group, a South African firm with a wide range of companies located in the Isle of Man, saw parts of the business enter into administration in 2012 after being unable to pay back investors...

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