Investment firm London Capital & Finance was Ponzi scheme, court rulesReutersInvestment firm London Capital & Finance , whose failure in 2019 triggered one of Britain’s biggest retail investment scandals, operated as a Ponzi scheme, a London judge ruled on Thursday.
“In my judgment, the fact that ... there were some genuine underlying assets is not in any way inconsistent with the existence of a Ponzi scheme in the present case,” judge Robert MilesA lawyer for Thomson said his client was “surprised and disappointed” but would not be commenting further. Administrators are seeking more than £177.5m in damages over a scandal that sparked criminal and regulatory investigations and a damning independent inquiry into the Financial Conduct Authority’s supervision of the business. Former auditors and directors have also been fined.
Thomson had “wanted to take out as much money as possible”, was “recklessly indifferent” to bondholders, had lied, forged signatures and knowingly misled auditor PwC, the judge said.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Finance Minister defends criticism of government-funded jobsFinance Minister Katy Gallagher has defended Labor's role in the recent employment figures as the growth of government-funded roles, particularly in aged care, have dampened hopes of a rate cut anytime soon.
แหล่ง: SkyNewsAust - 🏆 7. / 78 อ่านเพิ่มเติม »
AFL launches investigation into Chris Scott’s new job with finance firm7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
แหล่ง: 7NewsMelbourne - 🏆 18. / 59 อ่านเพิ่มเติม »
Britain’s finance minister Rachel Reeves says there are more plans to boost growth7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
แหล่ง: 7NewsSydney - 🏆 16. / 63 อ่านเพิ่มเติม »
German government on brink of collapse after Olaf Scholz sacks finance ministerUnexpected move throws Europe’s largest economy into political disarray and is likely to lead to snap elections in March
แหล่ง: GuardianAus - 🏆 1. / 98 อ่านเพิ่มเติม »
German government collapses after Olaf Scholz sacks finance ministerUnexpected move throws Europe’s largest economy into political disarray and is likely to lead to snap elections in March
แหล่ง: GuardianAus - 🏆 1. / 98 อ่านเพิ่มเติม »