Private Prosecutors Eye Victims' Assets Amid SFO Probe

By Christopher Crosby

Lawyers and a fintech claims manager said Friday that they have begun efforts to help victims of an alleged $28 million fraud recover their money after a fraud-enforcement agency opened a criminal investigation into the "crypto hedge fund" scheme.

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PrivatBank Pursues $3B Fraud Judgment Against Ex-Owners

By Eddie Beaver

PrivatBank has said that its former owners have failed to pay more than $3 billion ordered by a London court after it found that they had orchestrated an elaborate money-siphoning scheme of sham loans tied to fictitious commodity trades.

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Gupta Denies Hiding $600M Nickel Fraud From Trafigura

By Lucia Osborne-Crowley

A businessman told the High Court on Friday that he did not attempt to hide the true contents of metal sold to Trafigura in an alleged $600 million nickel fraud, arguing that the trading firm could have inspected the shipments at any time without his involvement.

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LetterOne Denied Compensation Over Forced Broadband Sale

By Eddie Beaver

An investment group backed by Russian oligarchs failed on Friday to secure the "fair market value" for its shares in a regional broadband provider that the U.K. government forced it to sell over national security concerns.

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen the National Crime Agency target an Azerbaijan politician and a subsidiary of Withers over a disputed £50 million ($66 million) property portfolio, the eldest son of a British aristocratic family challenge the trustees of their multimillion-pound estate, and a sports lawyer suspected of dishonesty face action by the Solicitors Regulation Authority following his firm's closure.

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Odey Libel, Sex Assault Claims To Reach Trial In June

By Ronan Barnard

Former hedge fund manager Crispin Odey's £79 million ($104 million) libel claim against the Financial Times, alongside claims from five women accusing him of sexual abuse, will reach trial in 2026, a judge said at a London court on Friday.

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