, find, or are british financial conduct authority, find, orare under british financial conductigation unit discovered, not many were playing by the rules. a glossy promo for leeds united. the video was sponsored by an online financialfirm called fxvc. for more than a year, their branding was seen around elland road. it was an endorsement that gave people like phil and joyce the confidence to hand over tens of thousands of pounds. the fact that they sponsored leeds football club, i just took them as being a proper investment platform. he was saying, phil, you do realise you're going to be a millionaire. it happened fast. the company were known as a contract for difference firm, speculating on things like the price of gold and bitcoin. the problem was that fxvc was running a scam, using pressure tactics and false promises to get clients to make trades they were always likely to lose. phil and joyce were soon told their money was frozen, and they needed to put in more to unlock it. i was just watching it go down, down, down. we had lost £341,000, within seven days. so fxvc, as far

investigated by regulators, fined by regulators, investigated by police or banned by the financial conduct authoritycluding fxvc, who sponsored leeds united until 2021, when they were banned by the financial conduct authority. while leeds made promos like this, fxvc scammed hundreds of thousands of pounds while using its sponsorship to look legitimate. the idea that we've been manipulated by a company like that would really make me sick to my stomach. quite upset because it was quite heavily advertised as well. you can do it off the website as well. so not very happy. yeah. after seeing that fx vc sponsored leeds united, phil and joyce invested £1,000 with them. the call centre soon got to work. his words to me were, i will take care of you as though you were my own mother. one of the main things he was saying, phil, you do realise you're going to be a millionaire. despite the extraordinary promises, the couple say they believed fxvc was a reputable trading platform. why would they allow that sort of company to support leeds united, a premiership football club? why? itjust doesn't make sense to me.

have been sponsored by financial firms that have subsequently been banned by the british financial conduct authorityst of the companies were offering complex financial tools to ordinary people. but — as the world service investigation unit discovered — many were not playing by the rules. joe inwood has this report. a glossy promo for leeds united. the video was sponsored by an online financialfirm called fxvc. for more than a year, their branding was seen around elland road. it was an endorsement that gave people like phil and joyce the confidence to hand over tens of thousands of pounds. the fact that they sponsored leeds football club, i just took them as being a proper investment platform. the problem was that fxvc was running a scam. using pressure tactics and false promises to get clients to make trades they were always likely to lose. phil and joyce were soon told their money was frozen and they needed to put in more to unlock it. i was watching it go down, down, down. we had lost £341,000 within seven days. so fxvc, as far as i'm concerned, were just a platform to con people into investment.

within weeks, fxvc had been banned by the british financial conduct authority, but the money was gonen has found that 40% of premier league clubs have taken sponsorship money from firms like this that have subsequently been banned, fined or are being investigated. clarke carlisle is a former premier league footballer and chair of the footballers�* union. he now campaigns on issues around mental health following his own well—publicised troubles. there is an unavoidable link between a supporter and their club and the companies that are affiliated with them. for an organisation to take advantage of that with mistruths, they have to be stopped. in a statement, fxvc denied any wrongdoing. now, in fairness to leeds united, when they had a relationship with fxvc, they were a regulated company, but in cyprus. and leeds told us that as soon as they were banned by the fca, they cut all ties, which is basically the same thing that all the premier league clubs said. the truth is that this is bigger than leeds united. it is bigger even than football. it is about dodgy companies ripping off custome

firms that sponsored by financialfirms that have subsequently been banned by the british financial conduct authoritynary people but as the world service investigation unit discovered many were not playing by the rules. a glossy promo, for a company called athletics vc. it was an endorsement that gay people like bill and joyce the confidence to hand over tens of thousands of pounds. the confidence to hand over tens of thousands of pounds.— thousands of pounds. the fact that they sponsored _ thousands of pounds. the fact that they sponsored leeds i that they sponsored leeds football club, i took them as being a proper investment platform. being a proper investment platform-— being a proper investment latform. , .,, .,, being a proper investment latform. , ., platform. the problem was that fx vc was _ platform. the problem was that fx vc was running _ platform. the problem was that fx vc was running a _ platform. the problem was that fx vc was running a scam, i platform. the problem was that| fx vc was running a scam, using pressure tactics and false promises to make clients to make trades there were a

have been sponsored by financialfirms, that have subsequently been banned by the british financial conduct authority service investigation unit discovered — many were not playing by the rules. joe inwood has this report. a glossy promo for leeds united. the video was sponsored by an online financialfirm called fxvc. for more than a year, their branding was seen around elland road. it was an endorsement that gave people like phil and joyce the confidence to hand over tens of thousands of pounds. the fact that they sponsored leeds football club, i just took them as being a proper investment platform. the problem was that fxvc was running a scam, using pressure tactics and false promises to get clients to make trades they were always likely to lose. phil and joyce were soon told their money was frozen, and they needed to put in more to unlock it. i was just watching it go down, down, down. we had lost £341,000, within seven days. so fxvc, as far as i'm concerned, were just a platform to con people into investment. so there was no real investment there. within weeks, fxvc had been banned by the british

have been sponsored by financial firms that have subsequently been banned by the british financial conduct authority, were just a platform to con people into investment. there was no real investment there. within weeks, fxvc had been banned by the british financial conduct authority, but the money was gone. and this is just one example of a wider problem. a bbc investigation has found that 40% of premier league clubs have taken sponsorship money from firms like this that have subsequently been banned, fined or are being investigated. clarke carlisle is a former premier league footballer and chair of the footballers' union. he now campaigns on issues around mental health following his own well—publicised troubles. there is an unavoidable link between a supporter and their club and the companies that are affiliated with them. for an organisation to take advantage of that with mistruths, they have to be stopped. in a statement, fxvc denied any wrongdoing. in fairness to leeds united, when they had a relationship with fxvc, they were a regulated company, but in cyprus. leeds told us that as soon as they

his previous job of the financial conduct authority . terrible. terrible.currently, if you're the governor of the bank of england, youe— governor of the bank of england, youe inere— governor of the bank of england, you're there-eight— governor of the bank of england, you're there eight years. you're there for eight years. onnino— you're there for eight years. wornino eon— you're there for eight years. nothing can remove you. and it ioeen-i— nothing can remove you. and it ioeen-i-now— nothing can remove you. and it doesn't-how bad- nothing can remove you. and it doesn't how bad you are doesn't matter how bad you are at doesn't matter how bad you are oi-con— doesn't matter how bad you are oi-con inor— doesn't matter how bad you are at-can that be- doesn't matter how bad you are at can that be right? at the job. can that be right? nove— at the job. can that be right? have unaccountable making have unaccountable people making euen— have unaccountable people making such-decisions? - have unaccountable people making such-decisions? no,- such important decisions?

his previous job of the financial conduct authority . terrible. terrible.vernor of the bank of england, youe— governor of the bank of england, youreeore—y - you're there for eight years. wornrno— you're there for eight years. wornrno con— you're there for eight years. nothing can remove you. and it ooeen-r— nothing can remove you. and it doesn't matter— nothing can remove you. and it doesn't matter how bad you are at doesn't matter how bad you are or-con— doesn't matter how bad you are or-con rnor— doesn't matter how bad you are at-can that be- doesn't matter how bad you are at can that be right? at the job. can that be right? nove— at the job. can that be right? have unaccountable people making eucn— have unaccountable people making such-decisions? - have unaccountable people making such-decisions? no,- such important decisions? no, it's such important decisions? no, rue-worn— such important decisions? no, it's-train. and- such important decisions? no, it's-train . and you. such important decisions? no,- it's-train . and you know it's a gravy train. and yo

financial support of the u. s. n b u, his conduct. but all that didn't stop mold over obtaining a protecting show authority, a vice president, friends u. s. military interventions in the middle east as.

conduct authorized activity at the residence since late last week. they have aggressively pursued investigative leagues -- leads to hold accountable those who narrator: funding for this presentation of this program is provided by... narrator: financialvices firm, raymond james. man: bdo. accountants and advisors. narrator: funding was also provided by, the freeman foundation. by judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from viewers like you. thank you. ♪ ♪ narrator: you're watching pbs. ♪ ♪ narrator: funding for this presentation of this program is provided by... woman: architect. bee keeper. mentor. a raymond james financial advisor tailors advice to help you live your life. life well planned. george: actually, you don't need vision to do most things in life. it's exciting to be part of a team driving the technology forward. i think that's the most rewarding thing. people who know, know bdo.

committee have visited with the head of the alaskan authority who is giving me further updates on the state setting up a financial corporations to conduct the due diligence analysis so there's a lot coming on. we want to make sure that you understand and you have a great guy and they work with him all the time but how important this particular project is to the region and the eventual decarbonization of the industry. it will be transformative so everything you can do to lean and in your capacity as secretary i would hope you would get that consideration. >> very exciting. >> it is very exciting. thank you mr. chairman. >> thank you mr. chairman. senator granholm the electric power governor or secretary. my sincerest apology. the electric power industry is undergoing a significant transition driven by changes in technology and economics. this transition has seen the retirement of many coal-fired power plants throughout the nation. in northeastern arizona the coronado generating station for corners generating station in springerville generating station are scheduled to close in the next 10 years with some beginning to operate seasonally a

committee i visited with the alaska industrial development authority has give me further update the state is stepping up with financial cooperation to conduct due diligence analysis so there's a lot coming on. what to make sure that you understand folks in the doe you've got a great guy were working with him all of the time but how importance this particular project is for the region and the eventual decarbonization e of the processing and fishing industry. it will be transformative. to everything you can do to lean in as your capacity as secretary i would have to give that consideration progress is very exciting progress it is exciting you got to come out. >> and recalibrate quick thank you, mr. chairman. senator granholm, the electric power governor or secretary at. [laughter] my sincerest apologies. the electric power industry is undergoing a significant transition driven by changes in technology, economics and customer demands in this transition has seen the retirement of many coal-fired plants throughout the nation. in northeastern arizona for coal plants the coronado generating, shall a, four corners generating, and springer valve gen