There are various types of investment fraud which include Ponzi Scheme, land banking or high-yield schemes. The FCA regulates any investment schemes and so any investment activity must comply with the Financial Services and Markets Act 200. Those acting in contravention of that Act may find themselves the subject of a criminal investigation.
These involve victims being cold called, with the victims usually being vulnerable and elderly, who are known to have disposable income. They are offered an investment opportunity with the promise of a high rate of return. There is often a wide range of investments, with the most common being the chance to invest in rare metals or gemstones, rare wine and also payday loans.
Investors are contacted and convinced to part with their savings to invest in the company or development, with ultimately no return. Such frauds are carried out on the internet mainly by those in financial services such as brokers, financial advisors and accountants. Often traders and employees can find themselves innocently involved in these type of frauds whilst acting as employees, believing that they are selling genuine products or investments.
Operating nationwide from our bases in the City of London and central Manchester Cunninghams are leaders in defending those accused of serious fraud and complex crime and are consistently ranked as a leading practice in these fields in all guides to the UK legal profession. Specialising in this work for over 30 years has resulted in an enviable network of experts, forensic accountants, QC’s and senior barristers to draw upon as we tailor our clients bespoke defence team
All our serious casework is led by a director with who you will have direct contact. If you are being investigated or have been charged with investment fraud it is important not to delay. Contact us and you will receive immediate expert advice from an experienced fraud defence lawyer.