Advised a group of footballers who believed they were investing in the development of a film. They were misled as to the progress of an investment into the development of a film as part of a tax saving initiative.
Each of the footballers through their financial investment advisors placed monies in the investment on the basis of it being tax efficient and sensible for future return. They were however misled in relation to the viability of the scheme in terms of its performance and current position and therefore this led to them suffering loss. Advice was provided in relation to their options for recovery which were founded on their allegations of fraudulent misrepresentations. The losses suffered were more than £100,000.
