To make this site simpler, we place small data files on your computer known as cookies. Most of our cookies are strictly necessary in order for the website to function correctly and these cookies do not store any of your personal data.

We also allow you to choose whether to allow Google Analytics cookies or not. Google Analytics cookies improve our understanding of how you use the website so we can make sure it meets your needs. If you should choose to accept the Google Analytics cookie, we will still anonymise all data collected.

Click here to find out more on the SFO's privacy policy and use of cookies.

Analytics Cookies

Arck LLP former partners: criminal charges

22 Tachwedd, 2013 | Eitemau newyddion

Two former partners of Arck LLP, Kathryn Joy Clark (51) from Nottingham and Richard Aston Clay (48) from Leicestershire, have today been charged with fraud and forgery offences by the Serious Fraud Office and Nottinghamshire Police.

Between 2006 and 2012 Clark and Clay allegedly created and marketed various unregulated financial products which they made available to individual investors through regulated Independent Financial Advisers (“IFAs”). It is estimated that approximately £60m was invested in these products by individual investors and, in some cases, IFAs themselves.

The charges against Clay and Clark relate to fraud by misrepresentation and forgery offences. Both have been bailed to appear at Westminster Magistrates’ Court on Friday, 29 November.

The SFO and Nottinghamshire police have worked jointly on this investigation since May 2012.

Notes to editors:

  1. Arck LLP is a Nottingham-based partnership that created and marketed property investment financial products. Arck is now in liquidation.