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Ex-adviser arrested on suspicion of fraud

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A former adviser has been arrested and bailed by Cheshire Police on suspicion of fraud and theft.

Geoffrey Fincher, the former sole director of Cheshire-based investment advice firm SK8, was arrested on suspicion of obtaining property by deception, theft and fraud by false representation.

A spokeswoman for Cheshire Police says: “Cheshire Police’s economic crime unit are investigating allegations of fraud and theft following complaints made earlier this year.

“As part of the enquiries a 71-year-old man from Wilmslow was arrested on suspicion of obtaining property by deception, theft and fraud by false representation. He has since been bailed pending ongoing enquiries.”

In a supervisory notice published yesterday, the FCA removed SK8’s permission to advise on and arrange deals in investments.

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