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SFO charges six individuals over £75m storage unit pension fraud
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SFO charges six individuals over £75m storage unit pension fraud
The Serious Fraud Office has charged six individuals with fraud-related offences after almost 2,000 investors were persuaded to transfer £75m in pension funds into storage unit investments. Between 2011 and 2014, over 1,900 UK investors transferred their pensions into SIPPs to invest in storage units sold by UK storage company Store First. Investors were promised a long-term leasehold on a unit and a return on their investment through renting th…
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