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Guardian

Guardian

PwC fined £15m for failing to report suspected fraud at City firm

Guardian
Summary
Nutrition label

81% Informative

Audit staff failed to tell regulators they suspected fraud at City firm that collapsed.

London Capital & Finance collapsed after taking about 237 m from 11,600 investors.

More than 11,000 investors almost 240 m were left out of pocket in January 2019 .

Financial Services Compensation Scheme has paid out 57.6 m to eligible bondholders.

VR Score

85

Informative language

84

Neutral language

68

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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no affiliate links