Two companies wound up for involvement in £1m fraudulent art investment scheme

Two companies wound up for involvement in £1m fraudulent art investment scheme

Two north-west companies have gone bust after an investigation found they were behind a fraudulent art investment scheme.

The Insolvency Service claimed Warrington-based Gem Tobin and York-based Dionysus Design Services had received a combined £900,000 from investments in works of arts, supposedly by renowned painters, between October 2018 and June 2019.

Gem Tobin received approximately…

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