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Police investigate Eastbourne consultants over alleged fictitious investments
8:06am Friday 13th December 2013 in News
A consultancy firm is being investigated over claims it deceived clients into making fictitious investments.
Sussex Police are appealing for information from anyone who may have been given financial advice from Meads Financial Consultants Ltd and feel that they may have been misled with their investments.
It is alleged that the firm may have deceived up to 31 victims into investing in fictitious investments in an alleged fraud that may have been carried out over a decade.
The firm offered independent legal advice and up until recently operated from a premises in Gildridge Road, Eastbourne.
A 76-year-old man from Cooden has been interviewed by police as part of the investigation.
Detective Constable Valerie Henwood said: "This could be fraud by abuse of position and we believe this could have been going on from 2004 until 2013 when the company went into insolvency.
"There may be other victims out there who have invested in these schemes with the company and we need to hear from them."
If you are a victim or have any information, contact police on 101 quoting serial 1318 of 08/6.
Have you been affected contact The Argus on 01273 544530 or email email@example.com.
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