Banned! Fraudsters!– Terms used by the Insolvency Service for directors who abused the government backed loan scheme which was put in place to help businesses struggling during the pandemic.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Reynolds Porter Chamberlain, Anti-bribery and corruption, UK House of Commons, Insolvency Service (UK), Fraud Act 2006 (UK)
From investors to regulators, FTX Trading Ltd (FTX) filing for bankruptcy was unexpected by all. A catalyst for litigation and regulation over the years to come, this collapse will serve as a warning, particularly to cryptocurrency insurers.
What happened?
United Kingdom, Banking, Corporate Finance/M&A, Derivatives, Insolvency & Restructuring, Insurance, IT & Data Protection, White Collar Crime, Reynolds Porter Chamberlain, Corporate governance, Venture capital, Due diligence, Cryptocurrency, Anti-money laundering, Financial Conduct Authority (UK), FTX