It is reported between July 2017 and May 2021, at least 130 investors from both the UK and abroad were persuaded to put money into a complex online betting process called Apex Algorithms.
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Detectives have been investigating claims falsified information was used to advertise the scheme including inaccurate forecasts of potential and actual profits, and that victims also received false returns. In December 2020, arrests were made after search warrants were executed at locations including an office premises in Folkestone.