Midas Financial Solutions

The former director of Midas Financial Solutions has been ordered to hand over only £814.35 despite having made more than £13 million from his Ponzi scheme. Scottish businessman Alistair Greig, 69, originally from Cairnbulg in Aberdeenshire, who is currently serving a ten-year priso

Progress has been made towards recovering £21 million in illicit gains made by the former director of Midas Financial Solutions, who scammed investors out of £13m, the High Court in Edinburgh has heard. The legal bid to recover the £21m came from prosecutors who are trying to seize

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, has been jailed for 14 years. 

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, is facing jail time for the scam. The fraud saw 165 victims of the scheme convinced to place their money in “guaranteed” high-interest accounts which cost many victims their life savings.

Alistair Greig has appeared in court after being accused of defrauding hundreds of investors out of £13 million through an illegal “Ponzi” scheme.