Scams
Best Practice | 16 Feb 17
Mixed responses to UK pension scam consultation
The UK government’s consultation on tackling pension scams received mixed responses, as it acknowledged that the pension freedoms may have contributed to the rise in scams.
Tax & Regulation | 14 Feb 17
UK bans directors of £1m carbon credit scam
The UK High Court has banned three directors who sold worthless carbon credits as part of a £1m ($1.25m, €1.17m) scam.
Retirement | 14 Feb 17
Scam risk higher for small and overseas pension schemes
Overseas pensions and small self-administered schemes (Ssas) “present the greatest risk of being used as vehicles for scams”, the Pensions and Lifetime Savings Association (PLSA) has said.
Ex-boss of £6m S. African scam fund loses ban appeal
South Africa’s financial services regulator has dismissed an appeal to overturn the ban of the former boss of collapsed asset manager Interneuron, which swindled investors out of R100m (£5.9m, $7.4m, €6.9m).
North America | 7 Feb 17
Billionaires caught up in ‘Hamilton’ Ponzi scheme
A billionaire asset management company founder, a billionaire investor, and an executive at an alternative asset management firm all invested in a Ponzi scheme promising high returns by buying and selling tickets to high-demand shows, including Broadway smash musical Hamilton.