Phoenix prevents 8m theft pension liberation
Jersey-headquartered life insurer, Phoenix Group, said potential fraudsters attempted to steal £8m of clients’ pension savings last year.
Fraud
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FX trader jailed for seven years for scam
A man who claimed he was trading on foreign exchange markets has been jailed for seven years after conning investors out of £5.5m and splashing the cash on himself.
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Footballers lose 30m in investment con
100 footballers including Irish national Robbie Keane and ex-Fulham midfielder Jimmy Bullard are reported to have lost out in an alleged £30m investment con.
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ExIFA faces jail for Ponzi scheme
A former financial adviser faces a prison sentence after he scammed investors in a fraudulent scheme which raked in £2.6m.
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Exdirector faces 1 5m penalty global fund fraud
An investment firm director has been ordered to pay £1.5m in compensation over his involvement in a fraudulent global fund for which he was previously jailed.
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HMRC recovers record 365bn in unpaid tax
HM Revenue & Customs has recovered a record amount of tax from big ticket avoidance, evasion, and fraud, up nearly a quarter on last year.
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UK fraudster sentenced to seven years
Bournemouth's Benjamin Wilson has been sentenced to seven years imprisonment for defrauding investors of more than £21m.
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iom warns on alpha fund management
The Isle of Mans Financial Supervision Commission has issued a warning in relation to Alpha Fund Management, a potentially fraudulent entity claiming to be located on the island.
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iom warns on potential shock from volt
The Isle of Mans Financial Supervision Commission has issued a warning on Volt Inland Capital, a potentially fraudulent entity which claims to occupy the same address as the regulator.
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former citi adviser banned for madoff style scheme
The Hong Kong regulator today banned a former private banker at Citigroup Global Markets Asia from the financial services industry for ten years, for operating a ponzi scheme.
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three jailed for E22m swiss bank fraud
Three British men have been jailed for defrauding Swiss private bank EFG of 22m.