Alleged Ponzi Scheme Operators Ordered To Pay £8.6M

Law360, London (February 18, 2020, 11:03 PM GMT) -- A judge Tuesday ordered two men charged in connection to an alleged forestry investment scam to pay more than £8.6 million ($11 million) under a deal they previously reached to resolve civil proceedings brought by liquidators for the companies they allegedly defrauded.

In issuing his ruling, High Court Judge Philip Kramer rejected arguments from the two defendants — Junie Conrad Omari Bowers and Andrew Nathiel Skeene — that the companies and liquidators had breached the settlement agreement by handing over a copy of it to the Serious Fraud Office.

Days later, the law enforcement agency had Skeene arrested, the defendants noted...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!