Stirling Mortimer Global Property Fund
Today (9 April 2018) the Director of the Serious Fraud Office closed the SFO’s investigation into allegations of fraud against a number of investments companies operated by Stirling Mortimer Global Property Fund PCC.
The Director concluded that there is no prospect of obtaining sufficient evidence to bring charges in this matter.
The SFO investigated an allegation of fraud against a number of investment funds operated by Stirling Mortimer Global Property Fund PCC Ltd (“SMGPF”), a protected cell company with limited liability based in Guernsey. SMGPF assisted the SFO with its enquiries. This investigation focused on three SMGPF funds which operated between 2007 and 2011:
- Stirling Mortimer No.4 Fund Cape Verde;
- Stirling Mortimer No.6 Fund Morocco;
- Stirling Mortimer No.7 Fund Cape Verde II.
The Director of the SFO accepted this case for investigation in December 2012.
Financial Services Compensation Scheme
Investors in Stirling Mortimer Fund No.4 Cape Verde, Fund No.6 Morocco and Fund No.7 Cape Verde II who invested via a SIPP following advice from an Independent Financial Advisor firm which is no longer trading, may be entitled to compensation from the Financial Services Compensation Scheme (“FSCS”). Further details can be found on FSCS’s website.
Page published on 19 Feb 2016 | Page modified on 18 Jul 2018