Liquidator Grant Thornton is seeking litigation funding to step up its hunt for 500 million pounds ($632.30 million) invested in U.K. company Euro Forex, which Chinese police have said was a pyramid scheme, Reuters reported. Reuters reported in 2016 how Euro Forex, or EuroFX, allegedly scammed thousands of investors in China and other countries. EuroFX had a British CEO and headquarters and has since been wound up. Grant Thornton was appointed liquidator in July 2017, and is representing nearly 3,000 investors. It has not yet managed to find any of the missing EuroFX money, it said in a progress report filed with the U.K. companies registrar last month. “We are in discussions with a litigation funder,” said David Ingram, without naming the company or saying how much funding he was looking to raise. He said he hoped to secure the funding in 6-12 months. Grant Thornton is representing 2,939 claimants with a total investment of 475 million pounds, the filing showed. Ingram said it was not possible to say how many people invested in EuroFX overall.
