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Durose added: "As a result of the actions of the fraudsters Allseas lost control of the entire sum of €100m although they did not realise they had been defrauded for some time as they were led to believe the money was still in the process of being invested on their behalf.
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on Friday slammed the Obama administration for imposing unnecessary roadblocks on allegedly defrauded for-profit college students eligible for debt cancellations, joining other prominent lawmakers and consumer groups urging Education Secretary Arne Duncan to stop prolonging distress for swindled student debtors.
In June, she froze a number of Education Department policies that the Obama administration had updated to beef up protections for students defrauded by for-profit colleges, prompting an outcry from advocacy groups and a recent lawsuit from 18 states.
Students who claim they were defrauded by for-profit schools owned by Corinthian Colleges Inc. into taking out federal student loans will have to wait several more months before the Obama administration decides whether to cancel their debts, the Department of Education said Thursday.
"I have been advised that Mervyn Westfield should be charged with one count of conspiracy to defraud for intentionally playing other than to the best of his ability, contrary to his contractual obligations," said Antony Swift of the Crown Prosecution Service.
Fitzpatrick says that obstacles to filing class-action lawsuits make it more likely that "companies will not be held accountable for hurting people, for cheating people, for defrauding people, for discriminating against people".
Speaking on BBC Wales Weekk In Week Out programme, Mr Weston described O'Neill as "deplorable" after it was revealed he lied about his own military record and defrauded Forces For Good, a social enterprise he set up in north Wales.
Irving H. Picard, the trustee who is trying to recover money for investors defrauded by Bernard L. Madoff, sued Mrs. Madoff on Wednesday for $44.8 million.
In a speech on April 8 , 1813 he opposed indemnity for those defrauded in the Yazoo land scandal in Mississippi.
Last March he co-authored an op-ed opposing broad debt relief for students defrauded by their colleges.
It also allows all the broke students who have been defrauded and abused by for-profit colleges to see exactly what is going on.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com