There is a report in the Telegraph that forex company Crown currency has had its accounts frozen and that customers who have paid for foreign currency have not received it nor can get any response from them.

There has been past comment that the FSA were unhappy with the lack of regulation and customer protection in this sector of the market.

This company was discussed on here in June last year and I pointed out then the folly of shelling out money in advance for supposed great exchange rates

I have great difficulty in understanding why people still take Forex when the rate you get with ATM machines is so much better. It's usually 2-3% compared to 4-5% with most Forex and travelex is usually ~ 7%