(Source: DFT - UK Department for Transport) The conviction follows an initial investigation by the Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS). In October 2008 Mr Goni, a previously successful 'spread betting' trader, incurred substantial losses and was left with a debit balance of £238,021.30 on his personal account with IG Markets Ltd. IG Markets - a company providing financial spread betting, Contracts for Difference (CFDs), stockbroking and foreign exchange services - obtained judgment in default against Mr Goni and threatened bankruptcy. Mr Goni then began to put in place...
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