This will doubtless be a story for some days to come. If you're not up to speed with it, here goes.
John Hirst was an investor who lived in Santa Ponsa, well-known on the Calvia scene and in particular at the Mallorca Cricket Club in Magaluf. On Friday, the Serious Fraud Office in the UK announced that it had launched an investigation into Hirst's firm, Gilher Inc. The suspicion is that he has defrauded mainly British expats of some 20 million pounds as investors in a scheme he said would yield 20% returns, irrespective of market fluctuations.
Hirst left Mallorca in August, and those who had invested in the scheme began to have their concerns, which led to the SFO's involvement. Hirst is said to be in the UK and to be suffering from leukaemia.
Expect more on this.
Original story from "The Sunday Times":
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6917139.ece
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment