News
£270,000 returned to victims of share fraud
The Financial Services Authority (FSA) has recovered approximately £270,000 as a result of action taken against companies involved in a share fraud activity.
This figure is believed to be the full amount invested by victims and it will be repaid to them in full.
Members of the public were cold-called from overseas by individuals saying that they worked for the following brokers: Rothman Capital; Bishop Capital; Bernam Shore; and Investor Relations Corp, and encouraged to buy shares in a company called Eduvest with the promise of a significant return on their investment. They were instructed to make payment into a UK bank account; however the shares were worthless.
