Richard Pollett, a suspect in the alleged fraudulent Gilher investment scheme, has been returned from Spain and appeared before Bradford Magistrates today charged with conspiracy to defraud.
The 69-year-old is the second person to be charged over the alleged “ponzi” investment scheme that targeted UK based investors and expatriates living in Spain after John Hirst was charged earlier this year. In addition to the conspiracy offence, Pollett is charged with making misleading statements. He has been granted conditional bail.
Gilner Inc was a Panama and Seychelles registered company operated by John Hirst. The company invested funds on behalf of private clients who were mainly based in the UK and Spain. The scheme attracted over £10 million of investors’ funds with losses thought to be around £6 million.
The investigation began in November 2009 following complaints made to the SFO.