Arck

Pair were convicted in 2014

£1bn in complaints costs since 2010

An adviser has told how he was left suffering clinical depression and reliant on anti-depressants after he fell for a £50m scam City watchdogs repeatedly flouted warnings to shut down.

How much can advisers really be expected to know about problem investments before they turn sour?

Two firm directors who lost investors £50m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have been sentenced to a total of 12 years in prison.

The Financial Services Compensation Scheme (FSCS) has determined that financial advisers are liable for investors' losses in £60m property investment scheme Arck and has begun inviting claims.

Financial advisers who put ordinary investors' money into collapsed £60m property scheme Arck face an even greater struggle with complaints, after the Ombudsman upheld a ruling that the investment was likely to be suitable only for sophisticated clients....

Court delays and slow progress at the Financial Services Compensation Scheme (FSCS) bring mixed news for investors in failed property scheme Arck as they fight for a resolution to their £60m saga.

Advisers and investors face further uncertainty over their fate as the Financial Services Compensation Scheme (FSCS) has once again delayed a ruling on advisers' liability for investment losses in overseas property scheme Arck.

The convicted fraudsters behind failed property investment Arck have been banned from being company directors for a total of 29 years.