fraud

The saga of Bernard Madoff's record-breaking fraud has taken another twist after one of the top beneficiaries of his Ponzi scheme died.

The FSA has fined London-based investment bank and stockbroker Seymour Pierce Limited £154,000 for failing to detect employee fraud carried out over three years.

Bernard Madoff will spend the remainder of his life in prison after receiving the maximum prison sentence of 150 years for masterminding a $65bn fraud.

Two investment consultants were arrested yesterday by police investigating an international fraud involving potential losses of £250 million.

Pensioners are more likely to be targeted by fraudsters and con artists, the FSA warns.

Five directors of a property investment group have been sentenced to jail after admitting they had defrauded investors of millions of pounds.

The FSA has banned Walthamstow-based mortgage adviser Ashfaq Ahmed for submitting mortgage applications on his own behalf that were based on false and misleading information about his income.

Convicted £38m carousel fraudster Raymond Woolley has been extradited from Switzerland due to a Revenue and Customs Prosecutions Office (RCPO) investigation.

Nine people have been arrested on suspicion of mortgage fraud worth around £40m.

The FSA has banned mortgage adviser Mohammed Ahmed for submitting mortgage applications both for himself and his customers, which were supported by false payslips.