The Financial Conduct Authority (FCA) has renewed calls for investors in one of the UK's largest Ponzi schemes to come forward and claim their share of the £914,000 "likely" available for distribution.
In a post on its website on Friday, the regulator detailed how it proposes to compensate investors in the "unlawful" scheme, which also saw former England cricketer Darren Gough and actor Jerome Flynn invest. The FCA confirmed it would base its redress calculations on the actual loss investors suffered, meaning those who already received interest payments while invested may receive less. The Ponzi scheme was run by John Anderson, Kenneth Peacock and Kautilya Nandan Pruthi between 2005 and 2008, offering investors returns of up to 20% a month on short-term fixed deposits without regula...
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