FCA plans to return £2.5m to UCIS 'land banking' victims
- Monday, 25 February 2019
- Articles
The Financial Conduct Authority has urged people who invested in a number of unauthorised collective investment schemes (UCIS) involving ‘land banking’ to come forward to claim a possible refund from a £2.5m pot.
Read more...Director gets 2 year sentence for running illegal £600,000 UCIS
- Tuesday, 05 February 2019
- Articles
Manraj Virdee, the director of a firm running an illegal unauthorised investment scheme (UCIS), has been given a two year suspended prison sentence following a case brought by the FCA.
Read more...FCA wins increased confiscation order against £21m fraudster
- Monday, 11 June 2018
- Articles
A convicted fraudster who spent millions on a lavish lifestyle - including a luxury home in plush Sandbanks and a Ferrari after conning investors out of more than £21m - has had a confiscation order against him increased from £1 to £31,905.33.
Read more...Lavish UCIS fraudster guilty of perverting justice
- Wednesday, 07 March 2018
- Articles
A fraudster sent to jail after he used clients’ millions to fund a lavish lifestyle today pleaded guilty to perverting the course of justice.
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