Investors in dark as tax break firm shuts down

HUNDREDS of savers have been left in the dark about their speculative investments after the company that introduced them to the deals applied to be closed down.

Ober Private Clients, set up by the founder of a firm at the centre of a tax fraud investigation, has applied to be struck off from Companies House and dissolved within months.

Last summer, The Mail on Sunday revealed that Revenue & Customs had raided White & Company in Manchester and London in a multimillion pound fraud investigation. The accountancy firm went into administration in April 2019. Ober was set up by the founder of White & Company, accountant Ben White.

Both White & Company and Ober introduced their clients to deals involving the State-run Enterprise Investment Scheme, where investors get a 30 per cent tax break for investing in small firms.

One investor said he hadn’t been notified of Ober’s plans to close.

Ober and Ben White did not respond to requests for comment.