At least one of the two 'alternative' investment schemes declared unlawful by the High Court in a case filed by the Financial Conduct Authority (FCA), has been cleared to appeal the decision.
Arch Financial Products chief executive Robin Farrell has accused the funds' new manager of giving misleading statements in court, while protesting his own previously disputed honesty.
A tax avoidance scheme sold by serial avoidance promoter NT Advisors has lost its third bid for legitimacy, saving the country £100m, HM Revenue & Customs (HMRC) has said.
Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been accused of running a £1.6m "Ponzi scheme" under the guise of saving the rainforest, a court has heard.
The trial of Arch Financial Products and its chief executive Robin Farrell has been postponed.
Arch Financial Products has been accused of taking £3m in fees for a deal involving the Arch Cru funds which "was valued at nil", the High Court heard today.
A former adviser and his business partner were found guilty of six charges in relation to giving unauthorised advice and concealing facts by a court on Thursday.
The High Court has approved a procedure for distributing the approximately $1bn of client money held by the UK arm of failed investment firm MF Global.
The directors of the troubled £400m Caribbean property investment scheme run by Harlequin Property have been issued with a High Court order freezing their personal assets up to £1.1m.
Rebus Investment Solutions, a company which helps investors recoup losses from complex investments which they argue they have been mis-sold, has secured £750,000 of compensation on behalf of five clients invested in a carbon credit scheme.