Qualified advisers answering your
Financial Questions
call 0800 092 1245

City of London police in alleged £50 million fund management fraud arrests

The city of London police have arrested two men in connection with allegations of a £50 million fraud committed in the heart of the UK financial sector. The raids took place on Thursday morning in London and Surrey and concluded with the arrest of a 40-year-old and a 43-year-old man. While one of the men involved remains under arrest the other has been released on bail pending further investigations.

There has been a marked increase in the number of police raids over the last few months in relation to significant financial fraud across the UK. Whether we are seeing a clampdown by the regulators or in fact the stress and pressure of the recession has prompted more people to take the chance of becoming involved in financial fraud remains to be seen. It was also interesting to see a recent successful prosecution by the city of London police in relation to an alleged fraud in the heart of the UK financial sector, although this appears to have scared few people off in the short to medium term.

When you consider the increase in fraudulent activity in the UK, US and around the world it seems as though the recession has bought the worst out of many people and placed regulators on red alert.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details