On Tuesday the FSA was granted court injunctions against
accounting firms Dobb White & Co and Morris White & Co,
which have offices in Leicester and Nottingham, and against two
partners of both firms.
The injunctions, which will continue until trial or further
order of the court, restrain the firms from undertaking any
financial services business and freeze their assets.
The FSA said in a statement: "Our evidence suggests that [the
firms] and [partners] Mr Gangar and Mr White have not confined
themselves to accountancy, but have been running what appears to be
an unlawful investment scheme that has probably taken substantially
in excess of $18 million from the public."
The investigation is led by the Leicester Constabulary Economic
Crime Unit on behalf of the Serious Fraud Office. It is noted that
the FSA began proceedings in 1998, as a result of which Dobb White
& Co and the two partners were ordered by the High Court not to
accept deposits from the public.
