A former UK adviser has been banned from being a director for nine years after his now collapsed IFA firm gave advice to over 300 clients to invest £12m (€14m, $14.8m) in unregulated investments in storage units.
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.
Two directors who ran a wheat-based investment scam have been banned from acting as directors by the UK’s High Court, after failing to account for more than £500,000 ($621,465, €586, 572) of investors’ money.
A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.
The UK High Court has banned three directors who sold worthless carbon credits as part of a £1m ($1.25m, €1.17m) scam.
Three former directors of a carbon credit scheme have been banned for a total of 44 years after investors in the fraudulent investment lost almost £3m ($3.7m, €3.5m), the UK’s Insolvency Service (IS) has revealed.
The UK’s Insolvency Service has shut down five so-called pension liberation companies over the past year, after they scammed pensioners out of £128m ($166m, €148m).
A number of investors in the UK have lost out twice after six companies were shut down by the High Court for scamming more than £350,000 ($496,000, €456,000) after promising to help them recover investment losses.
