A cautionary tale similar to others I’ve seen before, and, sadly, that I’ll see again:

  • Ryan Johnson was promised fail-safe returns of at least 7pc a month, tax free, on any investment above £6,000
  • In a currency investment scheme
  • He gave £50,000 to Halibell Limited, based in Wales

But in 2012, Mr Johnson got a phone call no investor wants to hear. He was told that, due to a bungle by one of the fund managers, all his money had gone. The company’s director, Mark Halliday, said he had been phoning each of his clients to break the bad news.

More (sadly) at the UK Telegraph