Advisers among those hit by 'pyramid scheme'

The scheme purported to offer a guaranteed 5% monthly return from monies supposedly traded on the foreign exchange market. Following an investigation by law firm Fieldfisher, however, it has been concluded that no funds were traded. Police raided CWM's premises in London on 15 March last year, arresting 15 people on suspicion of fraud-related offences. All were later released on bail. Fieldfisher, which is seeking to recover losses incurred in the scheme through a class action, says a total of more than 600 people were invested. The company has so far gathered together 250 claimants, ...