£6m investment scammers used Seychelles shell company

Fraudsters who ran two investment schemes using front companies in the Seychelles and Switzerland to steal over £6m have been jailed for fraud and money laundering

 

David Clarkson, 70, of Blackburn, Lancashire, the mastermind and shadow director behind the investment scam, ran the operation through a string of companies, some offshore, and paid commissions to a lawyer involved in the scam through a Mauritius company.

He worked with five gang members including a lawyer, and an investment fund raiser, as well as family members, to persuade mainly elderly and vulnerable people to put their money into property and litigation funding investments promising attractive returns.

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