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 […]

The Privy Council’s decision in Central Bank of Ecuador and IAMF v Conticorp SA and others illustrates the importance of ensuring that offshore companies managed by nominee directors are run properly as separate, independent legal entities. It found the defendants guilty of dishonestly assisting and procuring the “nominee director” to act in breach of his […]

Dragons’ Den star Duncan Bannatyne’s former finance director has now been charged with fraud and money laundering. A finance director who worked for Dragons’ Den star Duncan Bannatyne’s group of companies, which are based in Darlington, has been charged with fraud and money laundering totalling almost £8 million. The Crown Prosecution Service has confirmed that […]

Chad, Chris, and Craig Ducey pleaded guilty to conspiracy, false claims against the Internal Revenue Service (IRS), wire fraud and lying to the EPA and the IRS in connection with their roles in a multi-state scheme to defraud biodiesel buyers by fraudulently selling biodiesel incentives. The Ducey brothers operated Middletown, Indiana-based E-biofuels LLC.  As part […]

Grit and Joseph Birch of Devon, United Kingdom have been jointly charged with fraud and money laundering offenses, according to an article from the UK’s North Devon Journal. The charges stem from transactions in Liechtenstein, New York, and Las Vegas. Included are charges around the concealment of illicit property via cash withdrawals and payments for […]

666bet arrived on the scene with all guns blazing. Their was a costly TV campaign for maximum exposure, Harry Redknapp was the front man promising a nice big juicy bonus. High-profile betting partners including Premier League clubs Leicester City and West Bromwich Albion where contracted…………so what´s happened? It all started to go wrong for 666bet […]

In Nolan v Minerva Jersey’s Royal Court held a trust company liable to compensate the victims of their client who had defrauded them even though that company did not carry out the actual frauds. Because it handled the proceeds of the fraud the Court decided it had dishonestly assisted a breach… Click on the link […]

22 March 2015 He was arrested in relation to suspicion of conspiracy offences and money laundering in the Isle of Man. The suspect, who had been previously arrested and questioned by HMRC in the UK, was further arrested on arrival to the island, at about 7.15pm last night. Officers from the Manx police force continued […]