Law360, London (November 24, 2020, 5:33 PM GMT) — Appellate judges in London on Tuesday barred an investment adviser accused of scamming investors as part of a £15.25 million ($20 million) Ponzi scheme from using frozen funds to pay off his BMW or refurbish a Spanish holiday home as he awaits trial.
The Court of Appeal denied an application by Andrew Luckhurst to vary the terms of a restraint order preventing him from tapping additional funds to pay for his £6,000 monthly living expenses.
Judges for the court said Luckhurst, who has been accused of duping customers into investing into the scheme, didn’t need the extra cash, which he had…
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