• From The BBC:

    Police have held a series of sessions for victims of a multi-million pound Ponzi scheme to explain their losses.More than 700 people were caught out by the high-yield investment fraud, with losses estimated at £80m. But investigators have been struggling to win the support of victims who refuse to believe their life savings are gone. They held a series of meetings to explain the inquiry to victims and now want more to come forward. “There are a number of people out there who have not told family and friends that they have lost a lot of money,” said Det Supt Bob Wishart, of City of London Police’s fraud squad. Criminal casePolice say the criminal investigation focuses on Knightsbridge-based finance firm Business Consulting International (BCI) and several companies linked to it.
    Police believe a gang of men ran a fraudulent and unregulated investment scheme offering returns of between 6% and 13% a month for up to four years. Clients were told the money was loaned to distressed com…

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    Posted by Jon @ 12:34 pm

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