View more on these topics

Six arrested after Crown Currency Exchange collapse

Police have arrested three men and three women for money laundering and fraud offences in relation to the collapse of Crown Currency Exchange.

Devon and Cornwall Police have also searched five properties as part of the investigation and are linking the collapse of a ‘cash for gold’ company called Mayfair and Grant to the inquiry.

The arrests were made in Cornwall and Hertfordshire.

Crown Currency Exchange was one of the UK’s biggest foreign market exchange websites before it collapsed in October and administrators MCR were called in.

Devon and Cornwall Police head of economic crime unit detective inspector Paul Bean says there are over 8000 people affected by the collapses of the companies.

He says: “This is a lengthy and complicated investigation and there are many lines of enquiry to pursue. If anyone believes they are a victim in this investigation they should contact the administrators MCR. All registered losers will contacted but this may take some time.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm