Banned Keydata boss Ford: 'Justice has not been served'

Keydata designed and distributed investment products both directly and via financial advisers. Customers' money was invested in bonds issued by one of two Luxembourg-based companies, SLS Capital SA and Lifemark SA, which used the money raised to buy portfolios of US senior life settlement policies. The company was put into administration in June 2009 on the basis it was insolvent - in part due to the discovery many Keydata plans were not eligible for ISA status and the company could, therefore, face an unexpected tax liability of as much as £12m it would not be able to pay. Five month...