High Court forces two companies into liquidation over £12m pension scam

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Two north-west businesses have been wound up by the High Court after convincing 209 people to put total pension savings of £11.9m into a fraudulent investment scheme.

The victims were encouraged to take a loan from Windermere-based G Loans Ltd on condition that they used their pensions to buy shares in the Liverpool-based firm, KJK Investments Ltd. They were ...

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