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.
A former financial adviser currently serving six years in a UK prison for his part in a collapsed biofuel investment scam, is facing further enforcement action by the Serious Fraud Office (SFO) after missing the deadline to pay a confiscation order.
Three men convicted of defrauding investors out of almost £80m ($116.4m, €104m) in a London-based Ponzi scheme to fund their lavish lifestyles have been sentenced to nearly 20 years in prison.
Fraudsters who conducted one of the largest boiler room fraud schemes ever pursued by a UK authority have been ordered to pay their victims £11m ($15.8m, €13.9m) in compensation, the UK’s Serious Fraud Office (SFO) has revealed.
Three men have been convicted of a conspiracy to defraud investors in a London-based Ponzi scheme, which involved a form of purchase order financing.
Investors into troubled overseas property company Harlequin have been asked to come forward and give evidence to assist the Serious Fraud Office in the final stages of its criminal investigation.
The Serious Fraud Office is to cut its budget by 35% over the next financial year, despite a rise in the number of new investigations opened during 2014-15.
A former UK company director who produced false documents designed to deceive creditors into financing his firm is facing extradition and a prison sentence after he fled to South Africa.
A British-based financial adviser, who fled to Malaysia after his company collapsed, has confessed to setting up a Ponzi scheme which inflicted millions of pounds in losses on investors.
A former City hedge fund manager has been convicted of a multi-million pound fraud in what the Serious Fraud Office described as the first hedge fund prosecution to arise out of the 2008 financial crisis.
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.
Timothy Schools, the former manager of the failed legal financing fund Axiom, is being investigated by the Serious Fraud Office, International Adviser understands.
