LCF administrators sue payments provider after ‘Ponzi scheme’ fraud
Administrators seek £32mn over claims GC Partners failed to conduct proper checks on payments
Administrators seek £32mn over claims GC Partners failed to conduct proper checks on payments

Comments by Nikhil Rathi position watchdog for stand-off with claims management companies and law firms

Growth raises concerns about underwriting and risk management at fast-expanding groups

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

A legal fight revealed the disgraced financier’s thinking — and fresh allegations of misconduct

Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks

Move is first financial sanction meted out by UK competition watchdog under new consumer protection laws