Britain's Biggest Ponzi Scheme: Where Did £237m Go?
Source: thetimes.com
- London Capital & Finance ran the UK's largest Ponzi scheme, scamming over 11,000 investors out of £237 million.
- Company bosses like David Golding and Michael Thomson diverted funds to themselves for properties and horses instead of loans.
- A judge ruled it a fraud in 2024, ordering £180 million in damages, but many victims still face huge losses and heartbreak.
London Capital & Finance promised safe mini-bond investments but collapsed in 2019 as a massive Ponzi scheme. Insiders siphoned off cash from 11,000 everyday investors, leaving devastation. The article reveals how £237 million vanished and justice is finally catching up through court battles.