Pension bosses banned after abusing members' funds

The probe found the directors connected with Transeuro Worldwide Holdings helped fund two introducer firms, Sycamore Crown and Jackson Francis, which misled clients about their expertise and experience, promising guaranteed investment returns designed to encourage members to transfer their existing pension funds. The Insolvency Service has now banned the four directors from running a company for their role in the businesses' mismanagement of almost £50m in members' assets. Sycamore Crown director Stuart Greehan agreed to a nine-year voluntary ban as a result of false and misleading st...