FCA charges four individuals over suspected water scam

The FCA has charged four individuals with conspiracy to commit fraud by false representation. Two of the individuals have also been charged with money laundering. The FCA alleges that the individuals ran an unauthorised investment scheme which defrauded investors of £3.9 million.

Bruce Rowan, David Simmons, Robert Sweeney and Justin Russell are alleged to have defrauded investors via Hanover Merchant Capital UK Ltd and Liberty House Capital Ltd, by misleading UK investors that their money would fund water extraction and bottled water production, and about the returns they could expect.

The four defendants are due to appear before the Westminster Magistrates’ Court on 3 April 2024.