FCA has started civil proceedings against Briths Managment (sic) Solution Limited, Soccer League International Limited, Soccer League UK Limited and various individuals, for alleged unauthorised deposit-taking. It alleges the companies accepted money from the public for different projects, including forex trading and crypto-assets and that 4 senior individuals within the companies were knowingly concerned in the contraventions.
FCA has already succeeded in freezing a significant amount of assets and stopped the activities from continuing under an interim injunction and now seeks a declaration from the Court that the actions of the companies constitute illegal deposit taking.