As LCF execs receive hefty bills, attention shifts to UK SFO probe
By Martin Coyle and Sofia Gerace ( December 16, 2024, 16:40 GMT | Comment) -- A London judge’s order that London Capital & Finance executives pay 180 million pounds for their roles in the collapse of the “Ponzi scheme” has closed another chapter in the long-running saga. Attention will now turn to the Serious Fraud Office’s efforts to bring charges in the case. The SFO has been investigating the case since 2019, and will have followed the civil case closely.The ordering of London Capital & Finance executives to pay 180 million pounds ($227 million) for their roles in the collapse of the “Ponzi scheme” has closed another chapter in the long-running saga. Attention will now turn to the Serious Fraud Office’s efforts to bring charges in the case....
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