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Real Estate Plans Were £50M Ponzi Scheme, Investors Say

Gunnar Larson

16 Apr 2024 16 Apr '24
12:51 p.m.

Real Estate Plans Were £50M Ponzi Scheme, Investors Say <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-16&read_main=1&nlsidx=0&nlaidx=2> By Ronan Barnard Over 400 real estate investors said two British men ran a U.K.-wide fraud akin to a Ponzi scheme at a London trial of their £50 million ($62.3 million) claim Monday, arguing the men had made false promises about the returns the investments would generate. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-16&read_more=1&nlsidx=0&nlaidx=2> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-16&read_later=1&nlsidx=0&nlaidx=2>

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