Northern Irish businessman pleads not guilty to ‘conspiracy to cheat’ over scheme offered to UK policyholders
Kevin Phelan, an Irish businessman and key figure in the Moriarty tribunal, is on trial in Leeds, accused of conspiracy to cheat and conspiracy to commit fraud in a "pension liberation" scheme. The prosecution alleges that Phelan and others defrauded UK policyholders and HM Revenue by inducing them to transfer pensions to entities controlled by the defendants. The trial, ongoing for 25 days, involves allegations of dishonest representations and misappropriation of funds.
