Three charged by SFO in Axiom fund collapse investigation

Trio accused of carrying out fraudulent scheme

Mike Sheen
clock • 1 min read

The Serious Fraud Office (SFO) has charged three men with multiple offences in connection with the 2012 collapse of the Axiom Legal Financing fund, with the trio accused of carrying out a fraudulent scheme to divert money from the vehicle for their own benefit.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA bids to save firms £100m a year with transaction reporting changes

FCA bids to save firms £100m a year with transaction reporting changes

Aiming to reduce costs and improve quality of data

Isabel Baxter
clock 21 November 2025 • 2 min read
FCA issues warning over Consumer Duty shortfalls in CFD market

FCA issues warning over Consumer Duty shortfalls in CFD market

‘Providers must meet standards’

Cristian Angeloni
clock 13 November 2025 • 1 min read
Government growth agenda hampered by 'over-regulation' of financial services

Government growth agenda hampered by 'over-regulation' of financial services

House of Lords Industry and Regulators Committee

Alex Sebastian
clock 11 November 2025 • 4 min read
Trustpilot