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Ex-adviser pleads guilty to fraud

A former adviser has pleaded guilty to 22 offences relating to theft and fraud.

Geoffrey Fincher, the former sole director of Cheshire-based investment advice firm SK8, appeared at Chester Crown Court last week.

He was charged with 32 offences, of which 31 are contrary to the Theft and Fraud Acts. The other was attempting to pervert the course of justice.

Fincher pleaded guilty to the following offences: two counts of theft, one count of making/supplying an article for use in fraud, seven counts of obtaining money transfer by deception, eight counts of dishonestly making false representation to gain for self or cause loss to another/expose another to risk, one count of obtaining false information relating to accounts, two counts of aiding and abetting for making/supplying an article for use in fraud and one count of furnishing false information.

Of the remaining 10 charges, nine are to lie on file and the prosecution offered no evidence in respect of attempting to pervert the course of justice.

Fincher was bailed for sentencing and is due to attend a sentence hearing on 28 October.

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

The FCA found that Fincher accepted money from customers for investment despite neither him nor the firm having permission to hold or control client money, and failed to invest the money as agreed or at all.



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There is one comment at the moment, we would love to hear your opinion too.

  1. In light of the recent Rookes story I think it is only fair to condemn the activities of this individual and say he has got his just deserts !!

    And I think its right and proper to reassure any readers who are in fact clients of IFAs or even potential clients this is not representative of the vast majority of advisers who are law abiding and ethical in their practices.

    I think if we alone, are left to condemn this kind of activity we should all voice it !! it may also be nice if the trade bodies, FCA and even MAS do the same.

    This kind of story does just as much damage as idiotic comments from civil servants so we need to tell people its a small majority and although it will happen from time to time please be vigilant check and recheck, that the adviser is authorised, has the appropriate SPS, CCL or client money authorisations etc etc

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