Financial

The UK’s financial services sector must help regulators spot developing financial crime threats as the cost-of-living crisis starts to bite, according to one legal expert.

https://www.pinsentmasons.com/en-gb/out-law/news/firms-fca-eyes-and-ears-financial-crime

A financial adviser accused of involvement in the Axiom fraud trial will face a retrial in March 2024, a court has heard. 

https://www.ftadviser.com/regulation/2022/09/02/retrial-set-for-adviser-accused-of-axiom-involvement/

A corrupt solicitor who pocketed almost £20million of investors’ money was jailed for 14 years at Southwark Crown Court on Thursday.

https://uk.finance.yahoo.com/news/solicitor-jailed-14-years-pocketing-181756731.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A man who duped more than 8,000 people into investing in luxury Caribbean holiday resorts in a £226 million scam has been found guilty of fraud.

https://uk.news.yahoo.com/businessman-duped-over-8-000-113853509.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Aman has been banned for 14 years after investors were defrauded of £360,000. 

https://www.ftadviser.com/investments/2022/08/12/man-banned-for-14-years-after-360k-fraud/

Three men involved in a £13.7 million fraud with homes on the Crossrail route where elderly victims were stripped of their life savings have been jailed.

https://uk.news.yahoo.com/elderly-victims-duped-13-million-170000193.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A Scottish woman duped out of thousands of pounds in an international cryptocurrency scam has welcomed the ringleader being added to the FBI’s most-wanted list.

https://news.stv.tv/west-central/onecoin-fake-currency-victim-who-lost-thousands-hails-fbi-pursuit-of-cryptoqueen

LONDON (Reuters) - Two company directors, who lured about 2,000 investors into a 37 million pound ($44.6 million) fraudulent green investment scheme in Brazil, on Wednesday were each sentenced to 11 years in jail by a London court.

https://uk.sports.yahoo.com/news/two-men-jailed-uk-over-163949489.html

LONDON, June 13 (Reuters) - Victims of one of Britain's biggest banking frauds will be offered 3 million pound ($3.66 million) compensation packages, a source familiar with the matter told Reuters on Monday.

https://www.reuters.com/business/finance/victims-hbos-reading-fraud-offered-3-million-pounds-compensation-2022-06-13/

London magistrates sentence Michael Strubel to more than six years for failing to pay compensation

https://www.theguardian.com/uk-news/2022/may/27/ponzi-style-conman-jailed-for-failing-to-repay-victims-of-72m-fraud-michael-strubel