Business · 1 hour ago
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
