Top Specialist SFO Investigation Defence Solicitors Bark & Co Law Firm Retained in Alleged Mis-selling & Money Laundering Ponzi Investment Scheme Prosecuted by the Serious Fraud Office
Bark & Co Solicitors are acting for an individual associated with London Capital Finance Plc who is under investigation by the Serious Fraud Office – the SFO.
The conduct relates to investments offered between 2013 and 2018. These investments were sold through Sales Aid Finance (England) Ltd (SAFE), which changed its name to London Capital & Finance Ltd (‘LCF’) in July 2015. LCF had 11,605 investors who invested c. £251m into a total of c. 14,000 mini-bond/ISA financial products. The SFO are investigating whether LCF raised funds as part of a Ponzi scheme which has led to these investors being defrauded, while the FCA (and FSCS) are investigating whether the minibonds and ISA products were mis-sold. In September 2020, the SFO and FCA asked investors in the company to complete a questionnaire to be considered as a witness, with a deadline of March 2021.
Our client was interviewed by the SFO in June 2024, on suspicion of conspiracy to defraud, fraud by false representation and money laundering offences.
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