A £4bn fraud scheme led by Michail Roerich used 1,000+ UK shell companies, forged audits, and fake documents in an attempt to seize a Ukrainian gold mine, prompting Companies House reform

The fraud scheme exposed major weaknesses in the UK’s company registration system, as Roerich fabricated a mining empire using false financial claims, a phantom bank, and fake endorsements. His tactics highlighted the urgent need for stricter oversight, leading to Companies House reforms…