FCA Prohibits Six Fraudsters Behind £4.3 Million Investment Scam

[kreslik.news]

The Financial Conduct Authority (FCA) has expanded its penalties against six alleged fraudsters that were convicted of various offences including conspiracy to defraud, conducting investment business without authorisation and possessing criminal property.

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For their roles in running an unauthorised investment scheme which lost 110 investors more than £4.3 million ($5.26 million), Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker have been prohibited from performing any function in relation to any regulated activity.

Between July 2008 and November 2011, the group was involved in operating a ... (read more)