David Inglesfield, chief executive, said: “We are very much pushing ahead [with acquisitions], we had a good catch up with our investors recently and they were extremely supportive and we are getting a lot of interest, so we are as busy as ever to be honest.”
5 Jail for Greig
Alistair Greig, who owned and ran Midas Financial Solutions in Scotland, was sentenced to 14 years in jail after he was found guilty of a £13m investment fraud this week.
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.
imogen.tew@ft.com
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