Fund fraudsters fined £2m after FCA investigation

A long-running FCA investigation has finally ended after eight men were convicted and fined more than £2m for running an unauthorised fund.

Fund fraudsters fined £2m after FCA investigation

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The defendants were convicted of offences including conspiracy to defraud and breaching the general prohibition by conducting investment business without FCA authorisation.

Other offences included aiding and abetting a breach of the general prohibition, possessing criminal property, and providing false and misleading information to the then FSA in a compelled interview.

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