Switzerland’s Supreme Court has ruled that the government can comply with a French request for information about a UBS client’s bank account, despite the request probably being founded on stolen data.
The directors of two companies have been banned for a total of 26 years for selling worthless land as an investment, in a scam that netted £2.2m ($2.7m, €2.5m) of which the directors retained £1.3m in commissions.
A financial adviser who was jailed for three years after stealing £157,000 ($190,874, €178,836) from clients has been disqualified from acting as a director of any Guernsey company for 12 years.
The Serious Fraud Office (SFO) has opened a criminal investigation into an alleged fraudulent investment scheme marketed by Ethical Forestry Limited and “associated companies” between 2007 and 2015.
The Financial Conduct Authority (FCA) has revealed the tactics used by investment fraudsters to deceive the over 55s, as it urges the demographic to check investment opportunities are genuine before parting with their money.
More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded, banned or taken action against 13 companies and individuals since the start of 2017, most recently banning a former HSBC adviser from re-entering the financial services sector for life.
A billionaire asset management company founder, a billionaire investor, and an executive at an alternative asset management firm all invested in a Ponzi scheme promising high returns by buying and selling tickets to high-demand shows, including Broadway smash musical Hamilton.
A former Morgan Stanley investment adviser has been charged with stealing around $5m (£4m, €4.6m) from clients to rent a home in Las Vegas, pay for country club membership, and a private jet service.
Zurich UK Life has teamed up with The Pensions Advisory Service (TPAS) to pilot a pension scam helpline, offering impartial guidance to customers looking to transfer their savings into schemes that the life insurer has identified as suspicious.
The US Securities and Exchange Commission (SEC) has charged two New Yorkers with raising more than $81m (£64.5m, €75.7m) through a Ponzi scheme that promised high returns by buying and selling tickets to see high-demand shows, such as Broadway musical Hamilton.
In spite of warnings from government and the pensions industry, 7% of UK adults said they had released some or all of their pension savings as cash after being cold contacted, research from Phoenix Group has found.
