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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-11-14T20:28:00
The U.K. Serious Fraud Office (SFO) launched an investigation into collapsed law firm Axiom Ince and an estimated 66 million pounds (U.S. $82.5 million) worth of client funds that went missing.
The SFO announced Tuesday its agents arrested seven individuals and raided nine of the firm’s offices as part of a search for more evidence. Axiom Ince collapsed in October amid accusations client funds went missing and mass departures of lawyers to other firms.
The SFO is investigating how client funds were misspent and how funds “passed from the firm’s client accounts with Barclays to the State Bank of India to fund these purchases,” the agency said.
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2024-02-21T14:55:00Z By Kyle Brasseur
The U.K. Serious Fraud Office carried out several residential raids as it announced the launch of a criminal investigation into collapsed property investment firm Signature Group.
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“Under my leadership, the SFO will be bolder, more pragmatic, more proactive,” said Nick Ephgrave in his first public speech as head of the U.K. Serious Fraud Office.
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