“Three law firms, Stewarts Law, Peters & Peters and Mishcon de Reya, are taking claims worth an estimated £220m against Ingenious and other parties involved in the scheme to recover the money investors have repaid the taxman.
Those being sued range from the financial advisers who they say mis-sold the investments, to banks that lent money to Ingenious, enabling them to make the losses.
Big banks including Coutts and UBS are among those being pursued over claims that their advisers sold the scheme without giving proper warning of the risks involved, while HSBC is being sued by investors who say that it was in a conspiracy with the firm over loans.
David Pickstone, a partner and head of tax litigation at Stewarts Law, said his firm was acting for more than 250 clients suing Ingenious for fraud in the high court in relation to these schemes in an attempt to recover £100m of losses.”
Beckham-backed film funding firm to begin appeal against HMRC | Politics | The Guardian
Now that’s a Big Group!
Those being sued range from the financial advisers who they say mis-sold the investments, to banks that lent money to Ingenious, enabling them to make the losses.
Big banks including Coutts and UBS are among those being pursued over claims that their advisers sold the scheme without giving proper warning of the risks involved, while HSBC is being sued by investors who say that it was in a conspiracy with the firm over loans.
David Pickstone, a partner and head of tax litigation at Stewarts Law, said his firm was acting for more than 250 clients suing Ingenious for fraud in the high court in relation to these schemes in an attempt to recover £100m of losses.”
Beckham-backed film funding firm to begin appeal against HMRC | Politics | The Guardian
Now that’s a Big Group!
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