Investment company London Capital & Finance is accused of cheating 11,600 investors. The company allegedly misappropriated the victims' savings to buy luxury cars and watches, racehorses and even gold bars.
12,000 people lost a total of 237 million pounds (277 million euros) in this affair. The trial is expected to last twenty weeks, or five months, according to the British press. It is one of the biggest scandals linked to personal savings in the United Kingdom in recent years.