A trader in London's financial district has been arrested by police investigating a £40m (€44.6m) investment fraud believed to be the UK's first major credit-crunch case, The Times reports Thursday.

Terry Freeman, 60, a foreign exchange trader, was arrested at his home in Buckhurst Hill, Essex, Monday by detectives from the City of London Police Economic Crime Department.

UK forex trader arrested over £40m fraud

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The payments provider has tried to make its marketing more educational in the lead-up to its initial public offering this week.

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Oracle Shares Skyrocket as Software Giant Scores Massive AI Deals

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Mistral AI Doubles Valuation to $14 Billion With ASML Investment

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