John Dance, the former principal partner in the WealthTek LLP was charged in December 2024 with alleged misappropriation of customer funds totalling around £64m between 2014 and 2023. The trial date has now been listed for September 2027. The FCA brought civil proceedings in 2023 against Mr Dance and the firm but these will stay paused probably until the criminal proceedings are finished.
WealthTek has been in special administration since April 2023. A restraint order that the FCA obtained against Mr Dance to preserve assets for future confiscation is still in place.