Government announces payouts for almost 9,000 people who invested in defunct London Capital & Finance
Taxpayers face a £120m bill for compensating thousands of people who lost money in the London Capital & Finance (LC&F) investment scandal after they were “let down” by UK regulators.
About 8,800 people who invested in the defunct firm – some of whom put in their life savings – are due to receive an average of £13,600 each after the government set out details of an official compensation scheme.
