FCA Sharpens Investment Fraud Case Against Soccer Exec
By Christopher Crosby (September 7, 2021, 1:40 PM BST) -- The Financial Conduct Authority has bolstered accusations that a former soccer league director misled consumers into investing £1.3 million ($1.8 million), arguing in court on Tuesday that he directly contributed to investors' losses.
The City watchdog won permission at a High Court hearing on Tuesday morning to add allegations that Mohammed Kabir had directly violated market rules by accepting loans from friends and family for a "diverse" business portfolio investment plan that allegedly did not exist.
Master Karen Shuman approved the FCA's move to widen its lawsuit after Kabir, the former director of Soccer League UK Ltd., denied assisting others in taking unauthorized deposits from consumers....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!