Fraudsters behind £50m Arck investment scam sentenced to 12 years

Richard Aston Clay was sentenced to ten years and ten months. Kathryn Clark was given a two year suspended sentence. Michael Cotter of law firm Regulatory Legal, which was acting on behalf of Arck investors, said the sentencing today is "of some small comfort to the hundreds of investors who have had their finances damaged by the actions of Clay and Clark". "I give credit to the Serious Fraud Office and the relevant authorities in securing the sentences and we continue to work with those affected to restore their finances as best as we are able," he said. The sentencing of Clay ...