UK Fines ex-JC Flowers Boss for Fraud

Financial regulators in the U.K. have imposed a record fine on financier Ravi Sinha for an invoicing scam when he was in charge of the European operations of private equity firm JC Flowers, Reuters wrote Tuesday. The Financial Services Authority fined Sinha 2.87 million pounds ($4.5 million), its largest penalty for a general fraud case, Reuters wrote.

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