Saturday, April 20, 2019

Investment Groups stealing from Pension Funds


US criminal case against Abraaj Group is widening

April 20 2019 10:52 PM



A US criminal case against former executives at buyout fund Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, widened following the arrest of a third director.
Sev Vettivetpillai, a former managing partner, faces possible extradition to the US, while a number of other officials were named as alleged co-conspirators. He remains in custody while prosecutors appeal the £1mn ($1.3mn) bail granted by a London judge, his lawyer, Kate Goold, said after a court hearing on Thursday.....



 


 


I warned about the Incartus scam in September 2016. In December 2016 a victim lost £180k to the scam. Well done tPR! http://pension-life.com/retraction-incartus-investment-pen…/ nothing learned from Ark, Evergreen, Capita Oak, Westminster, Salmon Enterprises and all the other scams.




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