UK Fraud Cops Raid Defunct UK Law Firm Over Missing Client Money

The UK’s top fraud enforcement agency is investigating a collapsed British law firm group over fraud allegations and £66 million ($81.1 million) of missing client money.

The Serious Fraud Office said it had arrested seven people associated with Axiom Ince Ltd. and it had carried out searches on nine locations in England on Tuesday, according to a statement.

Axiom Ince was closed down by the country’s solicitors regulator in October after the troubled firm was referred to a Metropolitan Police Service investigation following claims former staff misappropriated client money. The firm was created in May when law firm Axiom DWFM ...