The High Court in Edinburgh found him guilty of “committing a fraud on an enormous scale” in which he raided investors’ pension pots and life savings to fund his own personal investments.
Mr Greig ran a Ponzi scheme, in which new investors' funds were used to pay existing investors, by claiming he put their cash in guaranteed high-interest accounts which never existed. He then used this money to fund his own personal investments.
What do you think about the issues raised by this story? Email us on email@example.com to let us know.