Investment director jailed after “misappropriating” £800,000

A Doncaster-based director has been jailed for 8.5 years and banned from holding a company directorship for 10 years after “misappropriating” £800,000 of a client’s money. Stewart Mark Groves, 37, set up Rapid Finance in August 2013 to make investments on behalf of a single investor. With an initial investment of £500,000, Groves of Bawtry, Doncaster, managed the company under a shareholder and loan agreement. Following petitions from the sole investor, the Insolvency Service investigated and found that instead of m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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