Serious Fraud Office begins probe into City trader Levene

The Serious Fraud Office (SFO) has launched a formal criminal investigation into the activities of north London financier Nicholas Levene.<br /><br />The 45-year-old, from High Barnet, has been declared bankrupt as City clients pursue him through the courts over alleged debts of at least &pound;200m. The Serious Fraud Office (SFO) said it has opened an inquiry following police complaints.<br /><br />It said: &ldquo;A 45-year old man voluntarily attended an interview under caution at the SFO on 15 October 2009 and was released without charge pending further inquiries.&rdquo;<br /><br />In recent months a num&shy;ber of lawsuits have been filed against Levene, including one from IG Index, the financial spread betting company, and another from Richard Caring, the entrepreneur who owns London restaurants such as the Ivy and Le Caprice.<br />