Two firm directors who lost investors about £60m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have had their sentencing postponed following fresh allegations made at the eleventh hour.
Richard Aston Clay, who pleaded guilty to fraud charges related to the Arck investment scheme in December, and business partner Kathryn Clark, who admitted fraud and forgery in July and October last year, were due to be sentenced at Southwark Crown Court on 20 February. But the night before the hearing, Clay's defence team served the court with a document disputing elements of the case against him, and alleging witnesses for the prosecution - the SFO - committed illegal acts in relation to the case. The prosecution disputed the allegations. The difference in the accounts means the ...
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