The Financial Conduct Authority (FCA) has banned six individuals who orchestrated a property investment fraud from carrying out any regulated activity.
The six have already been convicted of a range of offences, including conspiracy to defraud, possessing criminal property and carrying out an authorised activity without authorisation, and received prison sentences totalling more than 30 years.
Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker were found to have operated unauthorised investment schemes through three companies: Plott UK, European Property Investments and Stirling Alexander – which led to more than 100 investors collectively losing almost £4.3m.
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