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Former Arck partners charged with fraud and forgery

Two former partners of collapsed property investment vehicle Arck have been charged with fraud and forgery by the Serious Fraud Office and Nottingham Police.

Kathryn Clark and Richard Clay allegedly created and marketed various unregulated financial products which they made available to individual investors through IFAs.

Around £60m was invested in these products.

The charges against Clay and Clark relate to fraud by misrepresentation and forgery offences.

Both have been bailed to appear at Westminster Magistrates’ Court on 29 November.

Money Marketing first revealed investors were facing losses of up to £60m as a result of the failure of Arck in March last year.

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  1. Cheeze! Another missed regulatory target! But miss out a KFD and you’re for it!

    Isn’t there a lack of priorities somewhere?

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