Fraud

Investment | 20 Jun 16

Two UK financial advisers, who gave clients bad advice to invest in fraudulent property investment scheme Arck LLP, have been ordered to pay £562,766 ($807,721, €716,087) for their part in the £50m scam.

Tax & Regulation | 16 Jun 16

Five people appeared at London’s Southwark Crown Court on Thursday accused of promoting and selling shares in a company through a succession of boiler room scams.

Europe | 10 Jun 16

Former Irish Life and Permanent chief executive Denis Casey has been convicted of conspiracy to defraud in the run-up to the 2008 banking crisis.

Tax & Regulation | 9 Jun 16

A British financial adviser and his boss have been banned from working in the financial services industry for lying to clients about where they invested pension pots totalling nearly £24m ($34.9m, €30.7m).

Retirement | 8 Jun 16

Nearly half (43%) of over-55s in the UK do not understand the financial options available to them more than a year after the government introduced the pension freedoms, with 15% admitting to having no understanding at all.