Fraud
United Kingdom | 15 Mar 17
Two directors handed lengthy bans for worthless land scam
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.
Tax & Regulation | 13 Mar 17
Guernsey regulator disqualifies adviser for ‘despicable’ fraud
A financial adviser who was jailed for three years after stealing £157,000 ($190,874, €178,836) from clients has been disqualified from acting as a director of any Guernsey company for 12 years.
Tax & Regulation | 9 Mar 17
UK fraud agency to probe failed Costa Rican forestry fund
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.
Best Practice | 1 Mar 17
How to avoid being scammed
The Financial Conduct Authority (FCA) has revealed the tactics used by investment fraudsters to deceive the over 55s, as it urges the demographic to check investment opportunities are genuine before parting with their money.
Tax & Regulation | 23 Feb 17
One in 10 calls to the FCA about scams
More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.