Jail banker

Fraudster jailed over £1.4m investment scam

A fraudster called the “controlling mind” in a £1.4m boiler room scam has been sentenced to three and a half years in prison. Samrat Bhandari, one of four men previously operating the scheme, also cannot hold a director position at a firm or company for 12 years. Bhandari, who was convicted after a 49-day trial […]


Wonga — a recent history of the payday lender

A look back at some of the recent turbulent history of payday loan company Wonga. What is Wonga? Wonga is a UK payday loan company offering short-term loans to its customers at high interest rates. It was originally founded by Errol Damelin, a South African entrepreneur, in October 2006. Wonga is authorised and regulated by […]


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