Two directors from the UK were disqualified for 12 years each after they used funds from existing clients to payback previous clients. The directors' company entered into loan agreements with existing clients worth around £9.1 million for forex trades, in return for interest and loan repayments. The Insolvency Service later discovered that at least £8.4 million was used to make interest and loan repayments to previous clients.
United Kingdom, Company & Commercial, Insolvency & Restructuring, White Collar Crime, Addleshaw Goddard LLP, Fraud
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CORPORATE INSOLVENCY AND GOVERNANCE ACT 2020 IN FORCE
United Kingdom, Capital Markets, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Addleshaw Goddard LLP, Corporate governance, Private equity, Cryptocurrency, Coronavirus, European Securities and Markets Authority