Shelley Simpson: British tourism boss jailed for £300,000 holiday ‘Ponzi scheme’ used to pay for children’s school fees News of the World

Shelley Simpson: British tourism boss jailed for £300,000 holiday 'Ponzi scheme' used to pay for children's school fees News of the World

A former travel company director who defrauded dozens of customers of nearly £300,000 through fake luxury holiday bookings has been jailed after a court heard she used some of the money to pay for her children’s private school fees.Shelley Simpson, 46, ran Portsmouth-based Sphere Events Limited from 2019 to 2022, promising customers discounted prices on … Read more

‘Bail not jail’ norm cannot be applied to financial scams: SC | India News

'Bail not jail' norm cannot be applied to financial scams: SC | India News

NEW DELHI: In view of the proliferation of financial scams through Ponzi schemes, the Supreme Court has ruled that defrauding people of their hard-earned money is a heinous crime and the accused of such crimes cannot enjoy the freedom-leaning principle of “bail is the rule and imprisonment is the exception”. A bench of Justices Sanjay … Read more