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Business · 1 hour ago

Barclays faces trial over £37m Ponzi scheme lawsuit

Barclays faces trial over £37m Ponzi scheme lawsuit

Nearly 1,000 people handed thousands of pounds to Denaro, a company promising monthly returns of three per cent. The firm's liquidators allege a relationship manager at the bank dishonestly ignored huge transfers as the founders took cash for themselves and other failed investments. A judge ruled last week that the bank failed to get the £37m lawsuit thrown out of court.

Reported by City AM · How we write briefs

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