£40 million ‘Ponzi’ fraud?! City trader Terry Freeman arrested…
A City trader has been arrested by police investigating a £40 million investment fraud believed to be Britain’s first major credit-crunch case.
Terry Freeman, 60, a foreign exchange trader, was arrested at his home in Buckhurst Hill, Essex, on Monday by detectives from the City of London Police Economic Crime Department.
His home and offices were searched and large quantities of documentation were taken away for analysis. Mr Freeman, director of GFX Capital Markets Ltd, was released on police bail after questioning.
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A City trader has been arrested by police investigating a £40 million investment fraud believed to be Britain’s first major credit-crunch case.
Terry Freeman, 60, a foreign exchange trader, was arrested at his home in Buckhurst Hill, Essex, on Monday by detectives from the City of London Police Economic Crime Department.
His home and offices were searched and large quantities of documentation were taken away for analysis. Mr Freeman, director of GFX Capital Markets Ltd, was released on police bail after questioning.
