UK adviser firm boss jailed for 14 years over £13m Ponzi fraud

clock • 3 min read

A UK financial advice company boss has been jailed for 14 years after he was found guilty of one of Scotland's largest scale investment frauds, duping investors into a £13m Ponzi scheme. Alistair Greig, 66, who ran Aberdeen-based Midas Financial Solutions (Scotland), fraudulently obtained £13m from investors with £6m of investors savings finding its way into Greig's personal accounts, funding a lavish lifestyle of expensive cars, holiday homes and trips to Old Trafford to watch Manchester United and racing events at Cheltenham and Ascot. At the High Court in Edinburgh on April 15, jud...

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Gary Robinson

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