Director of failed advice firm guilty of £13m fraudulent lie

Yesterday (12 March) the BBC reported financial services director Alistair Greig has been found guilty of conning investors out of £13m. The High Court in Edinburgh heard investors lost their "life savings" and even though the sentence was deferred, the judge warned: "There is likely to be very little alternative to a lengthy period in custody." The BBC article labelled the case one of "the biggest frauds of its kind in Scotland". The BBC reported Greig told his clients and advisers he had access to a high interest account because of his connections. He then led them to believe their ...