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FCA takes unauthorised investment scheme to court

The FCA has commenced a criminal prosecution against a Surrey man alleged to have run illegal investment schemes for close to a decade.

Mark Starling, from Farnham, is alleged to have operated a collective investment scheme without authorisation or exemption.

The schemes purported to trade futures on behalf of investors, the FCA alleges.

Southwark Crown Court will hear evidence on three alleged offences related to operating unauthorised investment schemes and two counts of fraud.

The regulator says the schemes the three offences relate to are alleged to have been in operation between 1 August 2008 and 25 April 2017.

FCA wins case against £16m unauthorised investment scheme

Starling appeared before the City of London Magistrates’ Court today in his first court hearing, before the case is passed to Southwark Crown Court.

Starling’s first preliminary hearing at Southwark Crown Court is scheduled for 18 September.

The FCA said it is unable to comment further at this time.

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  1. “……alleged to have run illegal investment schemes for close to a decade.”

    What on earth was the Regulator doing? Messing about with GDPR? 10 years to spot this! Asleep on the job? Just dead I recon. No doubt a bonus will be paid at Canary Wharf.

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