FCA has started criminal proceedings against an individual who persuaded over 200 investors to invest £19m in an investment scheme. It alleges that Guy Flintham made several fraudulent claims about the scheme and falsified documents to support some of his claims.
Mr Flintham’s activities involved him in accepting deposits, which he was not authorised to do. FCA has taken action against him for committing fraud by false representation and for carrying on regulated activities without being authorised or exempt. Mr Flintham has entered a plea of not guilty in relation to the FSMA offence and no plea in relation to the fraud offence.
The Plea and Trial preparation hearing will take place on 19 February.