Police in Nottingham have arrested a 30-year-old woman and a 58-year-old man as part of an enquiry into a Ponzi investment scam.
The woman was arrested on suspicion of fraud by false representation and the man was arrested on the same day, 24 March 2023, on suspicion of possessing an article for use in fraud.
The suspects, both from Nottingham, were later bailed while the investigation continues.
Ashley Xavier, detective inspector of Nottinghamshire Police, said: “We have launched an investigation into an alleged Ponzi investment scam whereby multiple victims nationwide have reported losing varying sums of money.
“Officers from the force’s fraud team continue to investigate.”
