Director gets 14-year ban over 'Ponzi-like scheme' investing in oil

A Scottish company director has been disqualified for 14 years over a "Ponzi-like scheme" he ran swindling £2.8m from investors who believed they were investing in an oil and gas venture in Texas, USA. In a statement on 11 September the UK's Insolvency Service Kenneth said James Campbell, from Glasgow, was banned from being a company director at The Court of Session in Edinburgh on 16 August 2023, after swindling £2.8m from investors who believed they were investing in an oil and gas venture in Texas, USA. Campbell was sole director of HGEC Capital Ltd, a company which claimed to inve...