Accountant jailed for £2.3m 'Ponzi' scheme

Geoffrey Langdale from North Yorkshire "abused his position as a trusted accountant" to encourage 28 investors to put money into his fraudulent scheme over 11 years, the Crown Prosecution Service, which brought the charges, said. Langdale fooled genuine investors by producing fraudulent documents and forging company logos to imply their money was safe. Instead of investing his clients' money as promised, he used more than £1m to prop up his own companies including investing in a chemical company that later collapsed. As his debt spiralled out of control, he encouraged more and more...