City watchdog claws back £2.2m for victims of land fraud – Daily Telegraph

Posted May 25th, 2017 in compensation, confiscation, financial regulation, fraud, news by tracey

‘Victims of a land investment scam are to receive almost £2.2m in compensation after money was clawed back by the City watchdog from the eight men who were convicted of the fraud following one of the biggest investigations by the regulator. The Financial Conduct Authority (FCA) has now secured confiscation orders against all eight defendants who were found to have taken over £5m from more than 100 investors through an unauthorised investment scheme that was focused on agricultural land.’

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Daily Telegraph, 24th May 2017