FCA To Return Money To Land Investment Scheme Victims

Law360, London (January 14, 2020, 12:58 PM GMT) -- The Financial Conduct Authority said on Tuesday it has won approval at the High Court to return £2.5 million ($3.2 million) to investors in an unauthorized multimillion-pound property investment scheme.

The City watchdog said it would distribute the money to investors who plowed £32.8 million into investments managed by Countrywide Land Holdings Ltd. and others connected with the scheme.

Around 800 people were sold plots of land on greenfield sites after being told that the value could rise significantly if housing developers were granted planning permission to build there. But the sites were unlikely ever to gain planning permission.

The FCA said...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!