Imperial victims obtain judgment against financial adviser

By David Marchant

20 years ago

Topics

Fraud Investment Isle of Man United Kingdom

Keywords

Allied Dunbar International Andy Hodson Caroline Ockwell Chestergate Financial Planning Christine Clarke

Christopher Fagan Derek Parry Derek Parry Limited Edward Arthur Seymour Imperial Consolidated John Hall Mark Hayhoe Pauline Mary Seymour Zurich IFA

[ 9 more... ] [ top 5 ]

Husband-and-wife investors in the fraudulently-operated Imperial Consolidated Group have won a judgment for their full loss of £500,000 (US$924,769) against an independent financial adviser.
The IFA, Caroline Ockwell & Co., was found to have been negligent in recommending an unregulated offshore investment fund offering a 15 per cent annual return to retired British farming couple Edward Arthur Seymour and Pauline Mary Seymour. However, Ockwell is only liable for one-third of the judgment after it secured a judgment for two-thirds of the award against financial services firm Zurich IFA Limited, whose Isle of Man office recommended the investment product to Ockwell.

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