FCA charges five in £2.75m boiler room scam
Five people appeared at London’s Southwark Crown Court on Thursday accused of promoting and selling shares in a company through a succession of boiler room scams.
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British expats lose High Court battle over ‘Brexit’ vote
British expats will not have the right to vote in the UK’s upcoming EU referendum after a High Court challenge to the rules failed on Thursday.
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Celebs face £635m tax bill as Supreme Court rejects appeal
Celebrity investors in a film scheme involving the distribution rights to two Disney films face a combined tax bill worth over £600m ($845m, €754m) after the Supreme Court rejected its final appeal against HM Revenue & Customs (HMRC) over £117m the scheme received in tax relief.
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HMRC set for Supreme Court fight over film scheme
A film scheme involving the distribution rights to two Disney films is taking HM Revenue & Customs to the UK Supreme Court to defend the £117m ($166m, €145.5m) it received in tax relief.
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MetLife wins ‘too big to fail’ US court bid
US-based life insurance company MetLife saw its share price rise 5% after a judge ruled that the government’s decision to label it a systemically important financial institution (SIFI) be withdrawn.
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Guernsey court refuses to reverse man’s £560k tax bill
A Guernsey court has refused to reverse a decision that left a man with over half a million pound tax bill after he was wrongly advised that he could withdraw £1.4m ($2m, €1.8m) from his pension pot.
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Ex-Schroders trader pleads guilty to insider dealing
Former Schroders equities trader Damian Clarke has pleaded guilty to nine counts of insider trading and will be sentenced on 13 June.
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Jailed former IFA has landmark sentence extended
Former financial adviser Philip Boakes was sentenced to a further 730 days’ imprisonment on Tuesday for failing to satisfy the £165,731 ($237,877, €213,703) Confiscation Order against him.
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Brooks Macdonald targets Origo with wind-up order
Private equity firm Origo Partners is considering its options after Brooks Macdonald Asset Management filed a claim with the Isle of Man High Court seeking an order to wind up the closed-end investment company.
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DIFC mis-selling case set to drag on after deadline missed
One of the two defendants involved in a long-running financial mis-selling case in Dubai has failed to comply with a Dubai International Financial Centre (DIFC) court demand to deposit its share of a damages award pending an appeal.
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Spanish resident appeals to ECJ over excessive disclosure fine
A Spanish taxpayer is appealing to the European Court of Justice (ECJ) over an “excessive” penalty for disclosing his overseas assets a year late, according to global financial advice association Step.
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Ex-IFA’s landmark jail term for ‘giant Ponzi scheme’ upheld
The UK Court of Appeal has upheld a landmark sentence of 10 years’ imprisonment imposed on former independent financial adviser Phillip Boakes following his conviction on charges brought by the Financial Conduct Authority (FCA).