Tag: funds

Fraud on client funds again?

WorldSpreads recently entered special administration after the company said in a statement that as at close of business on Friday 16 March, the board of directors believed there was a shortfall of some £13m in clients’ money. I offer my sympathy if you have been affected.

Basically it looks like they have been trading using clients funds, though official information is always a big foggy in these cases. If so, it would not the first time a company has done …