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FCA begins criminal proceedings over unauthorised investment scheme

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Published on: 19 July 2023
Published by LNB News

LNB News 19/07/2023

Document Information

Issue Date: 19 July 2023

Published Date: 19 July 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has started criminal proceedings against Daniel Pugh, who is charged with one count of fraud and three offences of breaching the Financial Services and Markets Act 2000 (FSMA). The FCA alleges that between 1 March 2019 and 31 August 2020, Pugh defrauded investors out of approximately £1.3m through an unauthorised investment scheme, known as 'Imperial Investments Fund'.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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