fraud

A land banking operation which was continuing the work of a business previously shut by the Insolvency Service has itself been wound up.

The Financial Services Authority (FSA) has won a £32m judgment against the individuals behind three land banking operations, although it has warned investors are unlikely to recover most of the money.

Financier Allen Stanford faces up to 20 years in prison after being found guilty of orchestrating a $7bn Ponzi scheme.

Two men have been convicted of taking part in the UK's largest ponzi scheme which duped a former England cricketer and resulted in investors losing £115m.

A private investigator who allegedly fed information to the News of the World (NoW) has been jailed for separate charges of ‘blagging' sensitive information from government sources and selling it to insurers.

The European Commission (EC) is to consider creating an ombudsman to help expats in southern Spain reclaim against unregistered financial firms that may be exploiting them.

Police have arrested three men on suspicion of fraud and money laundering after The Pensions Regulator (TPR) received complaints about pension transfers last year.

Victims of a boiler room scam are set to share £64,000 in redress after the Financial Services Authority (FSA) obtained a court order against a firm involved in the fraud.

The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.

Advisers with clients exposed to boiler room brokerage Sky Capital have begun enquiries into compensation, IFAonline understands.