fraud Archives - Arts & Collections

Insolvency Service Winds Up Fraudulent Art Investment Companies

New York, yes, Paris, maybe, but you wouldn’t think the tiny Welsh town of Blaenau Ffestiniog likely to be the centre of a million-pound art investment fraud. In fact the Insolvency Service, a government agency connected to the Department for Business, Energy & Industrial Strategy, has wound up two fraudulent art investment schemes, one in Blaenau Ffestiniog, the other in Birmingham. Between them they appear to have abused at least £1.4m of investors’ money. Halifax...

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