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FSA issues one of the highest fines ever against an individual

U.K.’s financial authority is imposing tougher enforcement against fraud

The U.K.’s Financial Services Authority (FSA) has issued one of the highest fines ever against an individual for fraud.

Ravi Sinha, former chief executive of private equity firm J.C. Flowers, is accused of issuing invoices to a company J.C. Flowers invested in between February 2009 and October 2009 to "address his pressing financial obligations and cash-flow problems," the FSA said. 

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Cathleen Flahardy

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