Financial adviser pleads guilty to multi-million fraud
‘Many victims lost their retirement savings and are not in a position to recover financially’
Fraud
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Fraud costs pensions industry around £6bn a year
Sector must ‘better protect the fruits of peoples’ labour’ rather than fund retirement for fraudsters
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UK financial adviser banned for life
After he was convicted of stealing £2.1m in client funds
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German citizen pleads guilty in US Panama Papers case
He was connected to beleaguered law firm Mossack Fonseca and related entities
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UBS investigated in Italy over €6m fraud
It acted as an intermediary for a Milan-based wealth firm that conned 117 clients
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US duo charged for running marijuana Ponzi scheme
They managed to con at least 25 investors out of $4.85m
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US regulator imposes freezing order over Ponzi scheme
Firm raised at least $75m from over 500 investors based in America and overseas
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Land banking victims to get some of their money back
While UK Insolvency Service warns about fraudsters impersonating its members of staff
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FCA retrieves £172,000 for investment scheme victims
It said ‘confiscation will go some way’ to compensating those who were misled and defrauded
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Four people charged with fraud over Panama Papers
Three have been arrested while the other ‘remains at large’
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Convicted eco-investment fraudsters ordered to repay £20m
The ‘carefully-planned and complex attack on the tax system’ spanned from London to Dubai
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UK taxpayers opting for voluntary fraud disclosure scheme
But it’s not for those wanting to admit errors, mistakes or avoidance schemes where there is no fraud