PwC Fined £15m for LC&F Fraud
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first Financial Conduct AuthorityGuardian
•PwC fined £15m for failing to report suspected fraud at City firm
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.
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