Eight years for investment manager in £100m fraud

An investment manager who lived a life of fabulous luxury with the proceeds of £100million investment fund fraud has been jailed for eight years. David Kennedy, 71, helped himself to more than £5.8m from the Cayman Islands-registered Axiom Legal Financing Fund. He bought a Swiss ski resort chalet, a villa in Tenerife and lavishly renovated his home in Hull. More than 500 investors sank money into the Axiom Legal Financing Fund scheme, which claimed to insure lenders against unfinished cases…

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