Chairman of the Association of Investment Companies (Gordon Humphries FCA), a retired director of Foresight VCT plc, is guilty of failing to make, and making deliberately false, mandatory regulatory filings.

Mr Humphries was given until 12 noon today to sort out his crimes and Company Law Compliance failures. He has not done so; now the law will take its course.

Mr Humphries is but one example of the gross professional incompetence, breach of Codes of Ethics, wilful negilgence and offences under s5 Perjury Act 1911 over the last 15 years by dozens who are now revealed to be past and present Directors of The AIC, members of the AIC member firms who manage VCTs and their instructed Solicitors, Auditors, Reporting Accountants and FCA authorised Sponsors.

With only three exceptions, the members of the British Venture Capital Trust Association are now shown to have conspired with others and committed systemic, and still continuing, offences under s5 Perjury Act 2011 and wilful breaches of s593-7 Companies Act 2006 that are all Criminal Offences. These offences were all intended to, and did, mislead and defraud investors in VCTs.

The "Charge Sheet" being submitted to the Police and Regulators will be made available here in due course.