Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.
The Pensions Regulator (TPR) has appointed independent trustees to a pension transfer scheme paying commission up to 30%, after finding that nearly £6m of pensions savings were being put at risk.
An investors group for victims of the LM Investment Management collapse is looking at the feasibility of bringing legal action in England & Wales, as well as other jurisdictions.
Victim of investment scams lose an average of £20,000 ($26,780, €24,115), according to UK consumer champion Citizens Advice.
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.
The US Securities and Exchange Commission said it has obtained a court order freezing the assets of an investment adviser charged with secretly siphoning millions of dollars from professional sports stars in an alleged Ponzi scheme.
Two UK financial advisers, who gave clients bad advice to invest in fraudulent property investment scheme Arck LLP, have been ordered to pay £562,766 ($807,721, €716,087) for their part in the £50m 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.
Former Irish Life and Permanent chief executive Denis Casey has been convicted of conspiracy to defraud in the run-up to the 2008 banking crisis.
A British financial adviser and his boss have been banned from working in the financial services industry for lying to clients about where they invested pension pots totalling nearly £24m ($34.9m, €30.7m).
Nearly half (43%) of over-55s in the UK do not understand the financial options available to them more than a year after the government introduced the pension freedoms, with 15% admitting to having no understanding at all.
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.
