fraud

Conservative heavyweight David Davis MP has called on the Serious Fraud Office to investigate the Arch Cru collapse, according to reports.

The Financial Services Authority (FSA) is contacting more than 75,000 people warning them they are being targeted by financial conmen in what is the largest number of potential victims it has contacted in one go.

Two men and a woman have been jailed for a fraud where more than £4m was taken from private investors through a boiler room based in Spain and Ireland.

The Financial Service Authority (FSA) saw the number of boiler room fraud schemes operating through clones of authorised firms triple in 2011.

A Newport-based financial adviser has admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice.

CONDENSED NEWS

Thousands of British pensioners in Spain have been duped out of their money by unscrupulous financial advisers, according to an investigation published today.

A land banking business shut down by the Insolvency Service last year convinced investors to hand over £10m in less than three years.

The High Court has placed two landbanking businesses into provisional liquidation on the grounds of public interest, following an investigation by the Insolvency Service.

The Financial Services Authority (FSA) has removed the permissions of SIPP provider HD Administrators (HDA) with immediate effect after two directors were arrested.