City Watchdog Secures £2.2m for Victims of Land Fraud

Land fraud compensation

The Financial Conduct Authority (FCA) has secured confiscation orders against eight men convicted of fraud who took over £5m from more than 100 investors through an unauthorised investment scheme focused on agricultural land that had been described by a high court judge as a “very substantial and deliberate fraud on the public.” The victims of the scam will receive almost £2.2m in compensation – about 40% of the money they lost. Read more.