SFO

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).

A group of investors in troubled overseas property scheme Harlequin have dropped a case against the scheme's chairman David Ames, and his company director wife Carol, that alleged the pair made false claims about the investment.

Fresh fears for the safety of £400m of Harlequin investments have been raised following reports circulated by the company that its sales arm has entered liquidation.

Self-invested personal pension (SIPP) providers holding Harlequin investments are set to earn £17m from investors in fees over the next ten years, according to a law firm, while the underlying investment could be virtually worthless.