A financial adviser has received substantial damages after being falsely accused of stealing £5m by the Mail on Sunday newspaper.
Peter Carron, who ran mortgage brokerage Primrose Associates, was accused of duping clients into a Ponzi-style fraud scheme worth around £5m by the newspaper in July 2010. The article, headlined "Primrose Pimpernel", said Carron had breached the trust of his clients. The case reached the High Court of Justice last Thursday and Associated Newspapers, publisher of the Mail on Sunday, agreed to pay Carron substantial damages and legal costs. At the time Carron was also working at St James's Place Wealth Management Group, a wealth management firm, and provided different financial servi...
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