Fraud Cases: Arboretum Sports (UK) Limited
Arboretum Sports (UK) Limited went into liquidation in December 2007. The company, which claimed to be an Arbitrage gambling scheme, is alleged to have been a Ponzi fraud scheme.
The Serious Fraud Office and Hampshire Police’s Serious and Organised Crime Group initially focused their attentions on David Gerald Dixon, who controlled the company and fled to the Far East to escape custody.
Mr Dixon has now been arrested by warrant and charged with thirteen multi-million pound fraud-related charges, comprising:
- 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 391(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
His trial begins on 23 March, 2015 at Southwark Crown Court.
If you are being investigated in relation to Arboretum Sports (UK) Limited, it is vital that you seek urgent legal representation. It is not unusual for additional people to be investigated and charged either during or after an initial defendant’s trial.
Our legal team are here to help. Call us now for a free initial telephone consultation on 01623 397200.
Tags: arboretum sports (uk) limited, fraud operations