British man charged with operating £10m Ponzi scheme

Castillo de la Almudaina Palma de Mallorca

UK businessman John Hirst has been charged by the UK Serious Fraud Office (SFO) in connection with operating a Ponzi investment scheme. The scheme allegedly targeted the British expatriate community in Mallorca, and investors in the US and France. Hirst is alleged to have run the scheme out of Mallorca, where he was a well-known member of the expatriate community. The scheme, involving an investment vehicle called Gilher, had more than £10 million invested in it, and losses are estimated to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: