Archive for the ‘United Kingdom’ Category

Four Sentenced in Connection with Worldwide Prime Bank Scam

Friday, July 10th, 2009


Britain’s Serious Fraud Office (SFO) is reporting on the sentencing of four men who ran an international prime bank scam from Cheshire, England.  Two of the defendants, Frederick Taylor and Martin Shaughnessy, were former Cheshire police officers.  Through their companies, Maincrest Investments Ltd and London & General Finance Ltd, they raised more than $10 million by offering returns of 80% to 100%.  The other defendants were Paul De Rome and Ian Whitlock.


Lose the “Probably”

Tuesday, May 5th, 2009

There is a news article published in UK’s Times Online, by Mr. Mike Harvey, discussing the rise in pyramid and Ponzi fraud schemes in Britain and the United States.  It is very well written, speaking about the internet advertisers and videos helping to make the sale.  According to the article, the scams are being “spurred by the power of the internet, consumer and business groups fear, with old-fashioned cons repackaged as marketing enterprises backed by advertisements on Google, videos on YouTube and enticing websites.”  It’s been dubbed a “fraud for the digital age.”  (more…)

Ganger and White Guilty

Monday, February 25th, 2008

We posted last week on the trial of Alan White and Shinder Gangar, two English accountants accused of running a $200 million Ponzi scheme.  On Friday the jury hearing their case found both men guilty. David Robinson of the London Times reports:  (more…)