Financial

A gang of investment fraudsters stole more than £1 million from victims using aliases from television hits Suits, The Riot Club and Hart to Hart.

Sujanthan Sotheeswaran, 35, and two accomplices acted as "brokers" on behalf of Choice Option and later Blue Crest Capital Options.

As technology is growing, the crypto industry is extending its roots in the financial sector. The new year, 2024 comes with 3 big cryptocurrency events for which every crypto fan is eagerly staying. In the year 2023, the industry eyeballed many small and major events that had both favorable and adverse influences.

https://www.thecoinrepublic.com/2024/01/21/which-3-big-cryptocurrency-events-will-seek-attention-in-2024/

Two former directors of Raedex Consortium have been charged with fraud over a £88m nationwide car leasing scheme.

Reginald Larry-Cole and Scott Martin were directors of Raedex Consortium, which included companies such as Buy2Let Cars and Paygo Cars.

(Reuters) - A British man accused of allegedly defrauding investors of nearly $100 million through a Ponzi-like scheme involving nonexistent luxury wines pleaded not guilty in a U.S. court on Saturday.

https://uk.news.yahoo.com/british-man-accused-swindling-nearly-004005117.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A financial advisor who stole almost £2 million from victims by selling bogus investment plans has been jailed.

Stephen Rae was convicted at Newcastle Crown Court in June this year, after admitting he defrauded 16 different clients between June 2014 and January 2016.

City of London Police is urging people to take proper measures online, after whisky investment advertisements on social media left people high and dry.

The lure for potential investors is that you buy a cask of whisky when it is first produced and as the whisky ages in the barrel, it becomes something worth more to the consumer and as such, your initial investment becomes more valuable.

A man accused of fraudulently taking more than £600,000 from a number of local investors is currently standing trial at Swansea Crown Court.

Darryl Evans, currently of no fixed abode, is facing 27 charges of fraud by false representation, and one charge of theft.

https://pembrokeshire-herald.com/86709/trial-opens-for-man-accused-of-600k-investment-fraud/

Banks have been accused by a senior MP of "dragging their feet" when it comes to refunding victims of fraud.

Harriett Baldwin's comments come as newly published figures name, for the first time, individual banks to show how much money they refund.

Jersey Police are warning islanders to be vigilant about cryptocurrency fraud.

It comes after one islander lost £700,000, after investing in an online crypto scam.

This brings the total reported losses to this type of crime to £1.8 million in this year alone.

A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk.

Lloyds Bank has recorded a 23% rise in reports of cryptocurrency investment scams by customers in its banking group (including Lloyds Bank, Halifax and Bank of Scotland) between January and September 2023, compared with the equivalent period last year.