Four prosecuted over £1.4m investment scheme scam

Caused ‘untold harm to consumers’

Mike Sheen
clock • 2 min read

Four men have been found guilty for their involvement in operating an investment scheme, which led to more than 300 investors losing over £1.4m.

Samrat Bhandari, Muhammad Aleem Mirza, and brothers Paul Moore and Michael Moore, promised investors large profits and made "extravagant claims" about an investment opportunity relating to a network of medical clinics for shares that were effectively worthless. FCA to introduce 'streamlined' enforcement process A Financial Conduct Authority (FCA) investigation found between February 2009 and early 2014 the men cold-called investors, many of whom were vulnerable or retired, and mis-sold them shares in Symbiosis Healthcare, a company set up by Mirza, a medical doctor, to provide "health...

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