Financial

Four people, including a man from Clayton-le-Moors, have been jailed following an investigation into a £20 million Bitcoin fraud.

https://uk.sports.yahoo.com/news/clayton-le-moors-man-dubbed-135831494.html

A man who convinced friends and family to invest millions of pounds in his Ponzi scheme to fund his own lifestyle has today been jailed.

https://www.thebusinessdesk.com/eastmidlands/news/2067225-castle-donington-man-jailed-for-running-multimillion-pound-investment-scheme

Recent fines issued to two banks by the Financial Conduct Authority (FCA) highlight the regulator’s continued focus on driving compliance with anti-money laundering (AML) requirements in UK financial services, an expert has said.

https://www.pinsentmasons.com/en-gb/out-law/news/fca-fines-aml-compliance

A British investor said to have lost £1m in the collapse of cryptocurrency trading platform FTX is among 13 people to have made fraud reports to UK police.

https://uk.style.yahoo.com/british-investor-lost-1m-ftx-120000663.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A former Premier League footballer has been jailed for seven and a half years after 100 people invested £15mn in his “scam” investment scheme.

https://www.ftadviser.com/investments/2023/01/12/ex-premier-league-footballer-jailed-for-15mn-investment-scheme/

Regulator TheFCA published the final notice it has issued to Guaranty Trust Bank (UK) Ltd (GT Bank), fining it £7.6 million for failures in its anti-money laundering (AML) systems and controls

https://www.fca.org.uk/publication/final-notices/guaranty-trust-bank-uk-limited-2023.pdf

A man has been sentenced to three years and four months in prison after defrauding clients out of £1mn.

https://www.ftadviser.com/investments/2023/01/06/fraudster-jailed-for-three-years-over-ponzi-scheme/

With Christmas fast approaching, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid loan fee fraud.

https://mondovisione.com/media-and-resources/news/uk-financial-conduct-authority-festive-shoppers-at-rising-risk-of-loan-fee-scam/

The Financial Services Compensation Scheme has declared an advice firm in default, months after one of its directors was jailed for fraud.

https://www.ftadviser.com/investments/2022/12/14/firm-in-default-after-adviser-jailed-for-1-6mn-ponzi-scheme/

A couple from Anglesey have been sentenced for their involvement in a multi-million-pound fraud of investors, which helped him and his wife lead a "lavish" lifestyle.

https://www.itv.com/news/wales/2022-12-16/anglesey-couple-sentenced-over-fraud-which-funded-lavish-lifestyle