Ponzi schemer jailed for ten years

The Serious Fraud Office announce:

"Convicted fraudster Kevin Foster was jailed for ten years for running an unauthorised investment business and for stealing investors' funds through his £34 million KF Concept scheme..."

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FSA: Seven charged with insider dealing

The Financial Services Authority today charged seven people with 13 charges in respect of conspiracy to deal on inside information obtained by the defendants from two major investment banks:

"One defendant has additionally been charged with an offence in relation to money laundering..."

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100,000 new homes target would cut Government borrowing by £23bn

Savills housing investment consultancy division published a paper today that reveals:

"An additional 100,000 new homes built each year would give government finances a £23bn boost over the life of the next parliament..."

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Investors defrauded of £34m

The Serious Fraud Office report that:

"Investment road-show fraudster Kevin Foster has been remanded in custody today after being convicted of defrauding investors of millions of pounds through his various schemes, collectively called KF Concept..."

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