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Hedge fund mogul Chris Rokos takes Deloitte to court over failed tax scheme

Rokos alleges that Deloitte failed in its duty of care to advise him properly on the investment

Chris Rokos
Chris Rokos Photo: Les Wilson

Big Four accountancy firm Deloitte and US law firm McDermott Will & Emery are being sued by hedge fund boss Chris Rokos over the failure of a property investment tax scheme.

The boss of $8bn macro hedge fund Rokos Capital Management invested £100m in the scheme but instead of the £39,453,730.70 he expected to save in tax, he received a demand for the same amount from HM Revenue and Customs.

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