FCA gets distribution orders on investor scams

FCA has obtained 2 orders that will return over £130,000 to victims of unauthorised business scams:

  • in relation to an unauthorised collective investment scheme set up and operated by Synergy Lands Group Limited between 2009-2011,  FCA has recovered around £27,000 when the company’s director was ordered to sell assets, which can now be distributed to investors;
  • in relation to the unlawful forex trading promotions of 24HR Trading Academy, FCA has permission to ditribute over £100,000 in funds recovered from the Official Receiver, following the bankruptcy of the company’s sole director.

Emma Radmore