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Former Arck partner pleads guilty to forgery

Former Arck partner Kathryn Clark has pleaded guilty to two counts of forgery at a hearing at Southwark Crown Court.

Clark and another former Arck partner Richard Clay are facing a total of six counts relating to fraud and forgery. Clay pleaded not guilty to all six counts.

The plea and case management hearing took place earlier today.

Bail conditions mean both defendants have been tagged and are subject to curfew.

The full list of charges was set out at Westminster Magistrates Court in November.

Between 16 January 2007 and 1 August 2011, Clark and Clay are accused of making representations to investors of the Estrela Santiago Sale and Repurchase Agreement Contracts, known as Sarps, which they knew were or might be misleading.

The duo have also been accused of making a false statement relating to funds held in the Yorkshire Bank account by suggesting it had a balance in credit of £13.75m when it was £25.87.

The third charge relates to fraud by false representation. Between 16 January 2007 and 1 August 2011, Clark and Clay are accused of making representations to investors which they knew were or might be untrue or misleading in relation to the Paradise Beach Sarps.

The fourth charge states that between 1 October 2008 and 3 March 2012, Clark and Clay falsified a signature related to a Paradise Beach Sarp.

Fifthly, between 16 January 2007 and 1 August 2011 Clark and Clay are accused of misleading investors of the Joyston Alternative Asset [No 4] Limited Offering Redeemable Preference Shares.

Finally, Clark and Clay are accused of creating a false life settlement policy analysis summary that purported to show the true investments made by Joyston. It is alleged that no such investments were actually made.

The trial is listed for 12 January 2015 at Southwark Crown Court.

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  1. Forgery is a Crime ! I have often wondered why Mike DRoss ex C E O of Scottish Widows, the Tardy and unprofessional and unethical Directors of scottish widows – past and present and the Chairman ( the latest . . Tory Grandee ) permits the forgery of employees signatures on ” Employee Annual Appraisals ? ”
    I refused to accept the Scottish widows targets as they were unachievable – but as the manager confirmed – they are handed down from Newton Scott Sales Director and his chosen employees – and for which are not based on Fact – but perception of these sloths – their interpretation and their optimism about the returns THEY EXPECT – upon which employees are persecuted. Failure to meet extraordinary targets forces fraud. In this case I refused to sign so the local secretary signed “I S Lees”, in my absence and without my authority – and my rejection at meeting s with local manager – who is also persecuted and condemned to carry out fraud for and on behalf of Mike DRoss ( Actuary and CEO and Board Director and the entire Board of Directors ( Executive and Non Executive ) at Scottish widows – who NO ONE WILL CHALLENGE. The same attitude applies to Bank Advisers form LloydsTSB – ” meet your appointed targets – which are neither attainable achievable or acceptable – unless you are will to commit fraud through Lies, Deceit and destruction of clients accounts ! Under FCA Rules – and remains without investigation. Scottish Widows is buying auto enrolment through ICAEW members – who will take responsibility for the sale of these products and services – similar to endowment missselling through the Halifax and branches of Leeds Building Society ( now owned by Halifax and more latterly LloydsTSB – who own Scottish widows ? Pensions are being churned and resold – in the way they were churned in the past – when commissions were the ” Edinburgh Motivator “, of choice – a big stick – rather than a carrot – and the opportunity to become the owner of an insurance company “umbrella “, or an annual . . . A 5 Diary ( for which I was given some 300 personalised for ” Scottish Widows Agents ” – in London – who produced no business . . . . . ) Fortunately, they were initialled – so a look through the phone book offered opportunities – to match the initials on the Diary to an agents client . . . .who had the same or similar initials . . . .
    But Fraud remains in the industry unchecked and uncontrolled at insurance companies ( and as we see in Banks ). No controls – yet covered up by Directors and Chairmen – and who like Newspaper sub editors claim to be ” Unaware of the Fraud such as phone tapping “, and a Prime Minister who sub contracts Government employment to Criminals. Given such Sloth . . .how can anyone have confidence in Financial Services – other than Independent Financial Advisers – despite the efforts of the FCA and their Restrictive Practices … and their fudging of terms such as ” Advice ” and “Guidance” ( I understand David Cameron ” took . . .Advice . . . . when employing his criminals ” and his employment of Ian Livingstone ex – CEO of the Telephone Monopoly BT ). Further fudging in conservative ranks means . . . .Restricted Adviser . . . and their sub terms .. designed to create added confusion . . .further unnecessary complexities . . . . to force people away form taking advice . . .in these austere periods under conservative Government . . . in readiness for ” stagnation “, by George OSborne in the UK Economy . Get oot NOW or vote for Independence . . . . . just like Cornwall ?

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