Scams
United Kingdom | 13 Jul 17
UK pays out £3m in client claims against Shearer’s former IFA
The Financial Services Compensation Scheme (FSCS) has footed a £3m bill ($3.8m, €3.4m) in compensation to customers served by Kevin Neal, the former financial adviser to ex-football star Alan Shearer.
Middle East | 11 Jul 17
Alleged fraudsters in £172m Abu Dhabi car scam deny charges
More than 50 arrested people have denied charges of conducting the biggest scam in Abu Dhabi history, which allegedly swindled more than 2,000 investors out of AED800m (£172m, $218m, €195m).
Retirement | 7 Jul 17
Woman fined for not helping in £13m pension scam probe
An office manager of a firm currently under investigation by the UK’s Pensions Regulator (TPR) for running a suspected £13m (€14.7m, $16.8m) pension liberation scam has been convicted of withholding information.
Middle East | 22 Jun 17
Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam
Almost two thousand people have been caught up in a AED800m (£172m, $218m, €195m) Ponzi-style investment scheme that turned out to be the biggest scam in Abu Dhabi history.
Tax scam mastermind who duped Crocodile Dundee star arrested
The man at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee actor Paul Hogan is understood to have been arrested in Italy.