Three charged by SFO in Axiom fund collapse investigation

Mike Sheen
Three charged by SFO in Axiom fund collapse investigation

The UK's Serious Fraud Office (SFO) has charged three men with multiple offences in connection with the 2012 collapse of the Axiom Legal Financing fund, with the trio accused of carrying out a fraudulent scheme to divert money from the vehicle for their own benefit.  Launched in 2009, the Cayman-domiciled Axiom fund promised investors returns of 11% a year, and was promoted as "an uncorrelated, open-ended investment that provides short-term finance to UK law firms" who work on a no-win, no...

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