Four prosecuted over £1.4m investment scheme scam

Caused ‘untold harm to consumers’

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...