SFO

Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.

The Serious Fraud Office (SFO) has opened a criminal investigation into an alleged fraud involving investments in teak plantations in Brazil.

Two firm directors who lost investors about £60m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have had their sentencing postponed following fresh allegations made at the eleventh hour.

A presentation given by an IFA at a ‘money club' is set to cost the firm £45,000 in compensation after the Financial Ombudsman Service (FOS) ruled its slide show strayed into advice.

Investors in a beleaguered overseas property scheme have been told there is no prospect of them receiving compensation until a fraud investigation into the investment has been concluded.

Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.

A former partner of unregulated property investment Arck LLP has pleaded guilty at Southwark Crown Court to three fraud charges brought by the Serious Fraud Office (SFO).

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

The Serious Fraud Office (SFO) is to launch a criminal inquiry into Tesco after its accounting failure led the firm to overstate profits by £263m, according to reports.

The Serious Fraud Office (SFO) has begun criminal proceedings against broker Noel Cryan in connection with the manipulation of the London inter-bank offered rate (LIBOR).