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UK fraud office wins case against former investment manager

Serious Fraud Office known as the SFO. the picture shows the building exterior with signage.
Photo: Peter Dazeley/Getty Images

Jean Hurley

1 min read
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SFO secures conviction of investment manager for £100m ($126m) no-win-no-fee fraud.

The Serious Fraud Office (SFO) has secured the conviction of former investment manager David Kennedy for his part in a £100m ($126m) investment fraud in which hundreds of people lost their savings. The conviction follows a re-trial at Southwark Crown Court.

Kennedy and his business partner Timothy Schools managed the

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