By Aaron Nicodemus2023-11-14T20:28:00
The U.K. Serious Fraud Office (SFO) launched an investigation into collapsed law firm Axiom Ince and an estimated 66 million pounds (U.S. $82.5 million) worth of client funds that went missing.
The SFO announced Tuesday its agents arrested seven individuals and raided nine of the firm’s offices as part of a search for more evidence. Axiom Ince collapsed in October amid accusations client funds went missing and mass departures of lawyers to other firms.
The SFO is investigating how client funds were misspent and how funds “passed from the firm’s client accounts with Barclays to the State Bank of India to fund these purchases,” the agency said.
2024-02-21T14:55:00Z By Kyle Brasseur
The U.K. Serious Fraud Office carried out several residential raids as it announced the launch of a criminal investigation into collapsed property investment firm Signature Group.
2024-02-14T21:21:00Z By Kyle Brasseur
“Under my leadership, the SFO will be bolder, more pragmatic, more proactive,” said Nick Ephgrave in his first public speech as head of the U.K. Serious Fraud Office.
2023-12-06T20:00:00Z By Kyle Brasseur
The U.K. Serious Fraud Office launched a fraud investigation into AOG Technics over allegations the company supplied fake airplane engine parts to major airlines across the globe.
2025-07-31T18:47:00Z By Adrianne Appel
More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.
2025-07-31T16:44:00Z By Adrianne Appel
Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.
2025-07-30T17:56:00Z By Aly McDevitt
The Department of Labor is using poultry processing company Mar-Jac Poultry as an example of what will happen when companies repeatedly employ underage workers in hazardous conditions. Hint: Companies can’t pin the blame on staffing agencies.
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