Ban for Consortium bosses who misled people into paying £12m
Three company bosses who misled people into paying £12m for financial services have been banned from acting as directors for a combined 26 years.
Amrinder Patwal, 32, Nicholas Stephen Harle, 39, and Victoria Ruth Skivington, 28, were in charge of Swansea-based Consortium Technology.
An Insolvency Service investigation found it misled the public with cold calls and emails about services.
More than 2,264 unresolved claims were made before it went into liquidation.
These related to reducing credit card debt and recovering payment protection insurance (PPI).
Consortium was authorised by the Ministry of Justice to provide claims management services and asked customers for an upfront payment of £495.
The company, set up in 2009, generated a turnover of over £12m before it went into voluntary liquidation in 2012.
It was found during the investigation that Consortium failed to explain complex law surrounding their promises to customers and only court action could determine if some action was enforceable.
Mr Patwal was disqualified from being a director for 12 years, Mr Harle for 10 years and Ms Skivington for four years.