Insolvency Service
Alternatives | 15 Sep 21
Property scheme director banned for 9 years
More than £4.7m was raised from high net worth and ‘sophisticated’ investors
High court shuts down 7 mini bond companies
For mis-selling more than £20m in loan notes and taking £2m after they were insolvent
IFA banned after bad advice costs pension savers £24m
Clients invested in ‘high-risk’, ‘relatively illiquid’ and ‘unregulated’ schemes
Director gets 14-year ban for £13m property investment ‘Ponzi’
He promised substantial returns but instead transferred the funds abroad
Holiday park directors banned over failed investment scheme
161 people invested £14.2m but the chalets were never built