79th Group2 Mar 2025 13:57
The City of London Police is investigating a suspected widespread fraud case where a company named the 79th Group is believed to be offering loan notes to investors with a high interest return over a fixed period.
The 79th Group tell investors that funds are used for real estate, wealth and aviation. Another area of business advertised under the 79th Group is mining for natural resources in countries such as Canada and Guinea.
So far, four people have been arrested in connection with 79th Group and a large amount of cash, weapons, luxury watches and jewellery have been seized.
All people arrested have been released on bail and enquiries are ongoing.