The Serious Fraud Office has released its annual report which this year records the completion of the case against David and Cameron Ross who were charged with fraudulent trading at Winchester Crown Court.
Cameron Ross was sole director of Harley Marketing Ltd, a direct mail marketing and print broking business near Cirencester. His brother David (an undischarged bankrupt) was general manager. In 1995 they secured a factoring arrangement with International Factors Ltd, a subsidiary of Lloyds Bank, which enabled their business to obtain money from the factoring company against invoices issued by them to their customers. They were advanced Ј1.3 million against a total of Ј2.5 million of invoices and credit notes.
