Web of 'fraudulent' transactions detailed at Morris trial

Jenna Towler
clock

Millions of pounds taken from nine defrauded pension schemes were transferred to two shell companies before being disseminated to a multitude of "risky" investments, a court heard yesterday.

Southwark Crown Court heard the underfunded schemes were targeted by defendant Tony Morris after his company The Money Portal bought out GP Noble, a Nottingham-based independent trustee firm, in 2006....

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Japan

Industry Voice Video: Using nature to offset emissions

Robeco
clock 17 November 2021 • 1 min read

Industry Voice Video: Toughening up on carbon disclosure

Robeco
clock 17 November 2021 • 1 min read
The hedge fund edge: Picking winning managers

The hedge fund edge: Picking winning managers

James Balcombe looks at how pension funds can find the best hedge fund managers in the market

James Balcombe
clock 25 May 2017 •
Trustpilot