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Former LCF boss struggles to remember details about FCA investigation following company’s collapse

By Sofia Gerace ( April 10, 2024, 16:46 GMT | Insight) -- The former CEO of a London investment fund had difficulty remembering specific information about an investigation conducted by the Financial Conduct Authority after his business collapsed in 2019. Michael Thomson, who is under investigation together with other former executives at the company, has been questioned for the past weeks by the lawyer representing the joint administrators of London Capital & Finance. LCF collapsed in 2019, losing 237 million pounds raised from 11,000 investors.The former CEO of a London investment fund had difficulty remembering specific information about an investigation conducted by the Financial Conduct Authority after the business collapsed in 2019. ...

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