David Cameron demonstrated a significant lack of judgement in lobbying the British government on behalf of finance firm Greensill, a cross-party group of lawmakers found.
The former U.K. prime minister is criticized in a fresh report by the House of Commons Treasury committee, which finds that the government acted properly in rejecting Cameron s advances but should have pushed him to use more formal lines of communication in exchanges with top officials and ministers.
Cameron, who left office after the Brexit referendum in 2016, has been at the center of a major lobbying row in the U.K. after it emerged he pressed senior government figures to include Greensill Capital a supply-chain finance specialist that employed him as an adviser in a government coronavirus lending scheme.
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Britain s City watchdog has threatened to take legal action against Google if it doesn’t do more to tackle online fraud.
The Financial Conduct Authority (FCA) has clashed with social media firms over adverts on their websites that tout investment schemes run by scammers.
The fraudulent adverts, offering products from high-return bonds to shares in firms such as Tesla, cheat customers out of their hard-earned cash – and in some cases their life savings.
Britain s fraud watchdog, the Financial Conduct Authority, threatened legal action against Google if it doesn t do more to tackle online scams. Pictured: Mark Steward, FCA director
The schemes are often backed by criminals who use the money to fund human trafficking and drug smuggling.
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