Dan Hudson comments in Law360 on SFO’s London Capital & Finance probe
21 November 2024
Dan Hudson, partner at Seladore Legal, is featured in Law360, sharing his insights on the SFO’s investigation into the collapse of London Capital & Finance. The case has drawn heightened attention following a recent High Court judgment that found the company operated as a Ponzi scheme, defrauding over 11,600 investors.
In the article, Dan reflects on the significant hurdles the SFO faces in turning civil findings into successful criminal prosecutions. He highlights the importance of tracing the movement of funds to demonstrate fraud and establishing clear evidence of misrepresentation. However, he emphasises that the real challenge lies in presenting a complex financial case in terms a lay jury can easily understand.
Dan also considers the strategic questions the SFO must grapple with, including how to balance prosecutorial resources with the need to pursue those responsible. He suggests that while prosecuting all key individuals together may seem ideal, the practicalities and interests of justice will ultimately shape the SFO’s approach.