UK. Cold call pension scammers ordered to repay £13.7m by court
Four individuals behind an occupational ‘pension scam’ have been told by the High Court to pay back £13.7 million to their victims following a prosecution led by The Pensions Regulator (TPR).
Around 245 individuals were convinced to invest in one of 11 pension schemes operated by Friendly Pensions Limited via cold-calls, TPR has said in a release.
The four people behind the scheme, David Austin, Susan Dalton, Alan Barratt and Julian Hanson, have been ordered by the High Court to pay back £13.7 million to their victims. According to TPR this is the first time an order like this has been made by the courts.
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