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Fraudsters Ordered To Repay £115M

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Three men accused of running what is alleged to be the UK's largest Ponzi scheme have been ordered to pay £115m to the financial regulator.

http://news.bbc.co.uk/1/hi/business/10450123.stm

City of London police are still investigating the scheme in which hundreds of investors, including sports stars and celebrities, collectively invested £84m in Knightsbridge-based Business Consulting International.

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Three men accused of running what is alleged to be the UK's largest Ponzi scheme have been ordered to pay £115m to the financial regulator.

http://news.bbc.co.uk/1/hi/business/10450123.stm

City of London police are still investigating the scheme in which hundreds of investors, including sports stars and celebrities, collectively invested £84m in Knightsbridge-based Business Consulting International.

Nah they are wrong the biggest ponzi scheme is the UK economy!

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this was what the company did

It said it would lend money to distressed companies that needed short-term cash and were willing to pay high interest rates on it.

nice

Edited by oldsport

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Nah they are wrong the biggest ponzi scheme is the UK economy!

That's what I thought when I heard on the news about a huge ponzi scheme in the UK. I was expecting Brown, King and that Applegarth bloke to be up on charges. ;)

Oh well, only the small fry this time, with this tiddling multi-million pound scheme. Maybe they will get around to the multi-billion (trillion?) pound housing ponzi scheme in a few months time?

QB

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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