The FCA has started action in the High Court against Concept Capital Group and another 6 individuals and 2 companies it alleges were involved in an unauthorised collective investment scheme which invested in static homes and took more than �23m in consumer investments. The FCA says CCG operated the unauthorised CIS without authorisation and exemption, made financial promotions that were not approved and also made false or misleading claims about the investments – which promised investors fixed returns and said they were Government backed.� The other companies and individuals were knowingly concerned in the breaches.
