UCIS land banking victims to share £2.5m

FCA in High Court victory

Jenna Brown
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UCIS land banking victims to share £2.5m

Hundreds of people who lost money when they poured cash into land banking unauthorised collective investment schemes (UCIS) will share £2.5m after the regulator won a High Court challenge.

Between 2005 and 2010, about 800 people invested some £32.8m in UCIS established and operated by Countrywide Land Holdings, James Kenneth Maynard (trading as Regional Land and Countrywide Land Holdings)...

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