Ponzi fraud suspect charged
25 Medi, 2014 | Eitemau newyddion
David Gerald Dixon, a suspect in a joint investigation by the Serious Fraud Office and Hampshire Constabulary following the collapse of Arboretum Sports (UK) Limited, has appeared before Westminster Magistrates’ court today on thirteen multi-million pound fraud-related charges.
Mr Dixon has been remanded in custody and will appear before Southwark Crown Court on 9 October 2014.
Notes to editors:
- Arboretum Sports (UK) Limited went into liquidation in 2007. The alleged conduct took place between January 2004 and December 2010 – the charges include:
- Four charges of contravening the general prohibition on carrying on a regulated activity contrary to sections 19 and 23 of the Financial Services and Markets Act 2000;
- Dishonestly concealing a material fact, contrary to section 397(1) and (2) of the Financial Services and Markets Act 2000
- Three charges of making a statement, promise or forecast known to be materially misleading, false or deceptive, contrary to section 397(1) and (2) of the Financial Services and Markets Act 2000.
- Fraud by false representation, contrary to section 1(1) and section (2) of the Fraud Act 2006
- Two charges of converting criminal property, contrary to section 327(1)(c) of the Proceeds of Crime Act 2002
- Removing criminal property, contrary to section 327(1)(e) of the Proceeds of Crime Act 2002
- Fraudulent trading, contrary to section 993(1) of the Companies Act 2006
- John Hardy QC was instructed by the SFO in proceedings today.
- As proceedings are now underway, the strict liability rule in the Contempt of Court Act 1981 now applies. See guidance.