Director fined for ignoring fraud attempt
A former director of Surety Guarantee Consultants has been fined £25 000, after the Financial Service Authority found he had "turned a blind eye" to some colleagues' efforts to defraud two London market insurers out of more than £2m.
While not found to have played a part in the fraud, the FSA has also banned Barry Williams from working in financial services for "ignoring his responsibilities as an approved person".
Almost three
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