A JERSEY company is being investigated following the disappearance of £24 million in a property scam in which 700 UK investors lost their life savings. The investors each lost thousands of pounds after being duped into ploughing money into property development schemes, including a project in the Cape Verde islands, which was being marketed as […]

How much can advisers really be expected to know about problem investments before they turn sour? Keydata and Arch cru collapsed separately six years ago, but important new details about who and what caused the multi-million pound failures are still filtering out. Advisers were among the first to be blamed, if not for causing the […]

Two firm directors who lost investors £50m in a scheme the Serious Fraud Office (SFO) branded “an elaborate scam” have been sentenced to a total of 12 years in prison. Richard Aston Clay was sentenced to ten years and ten months. Kathryn Clark was given a two year suspended sentence. Michael Cotter of law firm […]