A criminal prosecution brought by the FCA has led to four men being found guilty in relation to their roles in a cold-calling scam that cost more than 300 victims a combined £1.4m.
Mirza set up Symbiosis to provide "healthcare solutions", Bhandari acted as a corporate adviser to the firm and organised the selling of the shares and the Moore brothers were directly involved in cold-calling investors to sell the shares. The victims were promised large profits through the operation and expansion of a network of medical clinics in Dubai and elsewhere although the shares in the company were, in effect, worthless. The four defendants, who were found guilty of playing an instrumental role in misleading investors and helping to create a wholly misleading impression as to...
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