FCA prosecutes five over fraudulent investment scheme
Regulatory Updates | 08/11/22
In a court case, which will be heard in February 2023, the regulator is seeking prosecution of five individuals for defrauding £1.2million from UK investors, in an ‘all-or-nothing’ investment scheme. It is alleged that the money was used by the individuals to fund their lifestyles. They are charged with offences under FSMA 2000, Proceeds of Crime Act 2002, conspiracy to defraud and perverting the course of justice.