Sarah Clarke appears in landmark FCA fraud case
10th February 2015
Sarah Clarke led for the prosecution in the widely publicised case of R v Alex Hope and Raj Von Badlo which was the FCA’s first ever Forex investment fraud prosecution. The case concerned a foreign exchange trading scheme in which investors were promised that their funds would be traded on the multi trillion foreign exchange market achieving high returns. Some £5 1/2 million was taken from investors in just over 12 months. In fact most of the investors’ funds were not traded but were instead spent by Alex Hope or simply disappeared. The case marks one of the very few FCA prosecutions for offences of fraud, and FSMA offences. The case involved the calling of over 20 investor witnesses and experts in spread betting, fx trading and forensic accountancy. The case received widespread publicity in the national and international press.
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