The Financial Conduct Authority (FCA) has secured a confiscation order of £265,523 against Andrew Currie, who was convicted in 2023 and sentenced to two years and six months imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd. He diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain.

The FCA has announced that it has obtained a confiscation order against convicted fraudster John Burford, and that victims are set to recover the majority of the money they invested. In September 2025, Burford, 86, was sentenced to 2 years in prison for defrauding over 100 investors out of £1 million. Burford offered trade alerts and investment opportunities in managed ‘funds’, despite lacking FCA authorisation. The FCA found he repeatedly misled investors about fund performance, concealed losses and used their money for personal gain, including buying a property. At a hearing at Southwark Crown Court on 27 July 2026, Burford was ordered to pay £655,951.40. This amount represents the total value of assets the court determined were available to be recovered. The funds will be returned directly to victims of his crimes. Together with payments previously made by Burford to investors, nearly all the money, an estimated 99%, originally invested by the approximately 70 known victims will have been returned. If Burford does not pay the confiscation order within three months, he faces a default prison sentence of up to five years.

The FCA has announced that it has secured a confiscation order against a Ponzi scheme fraudster, Daniel Pugh, who is serving a seven and a half year prison sentence for defrauding investors out of £1.3 million.

The Financial Conduct Authority (FCA) has announced that, on 2 November 2023, Southwark Crown Court imposed a confiscation order of £355,369 against Timothy Coleman, former chief financial officer of Redcentric Plc, following his convictions in February 2022 for false accounting and making misleading statements to the market. Coleman is currently serving a five-and-a-half year prison sentence for these offences.

The Financial Conduct Authority (FCA) has secured a confiscation order against Reuben Akpojaro for his role in investment fraud, bringing the total value of confiscation orders against all defendants in the case to £293,726.16—the full extent of their remaining assets. Between June 2016 and January 2020, the FCA says Mr Akpojaro cold called individuals to sell them binary options without authorisation. Mr Akpojaro and three further defendants were convicted in 2023 and sentenced to a combined 24 and a half years’ imprisonment. The FCA confirmed that the money will be returned to investors at the earliest opportunity.

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh for operating a £1.3m Ponzi scheme through the Imperial Investment Fund (IIF). Mr Pugh was found guilty of one count of conspiracy to defraud and had earlier pleaded guilty to carrying out unauthorised regulated activity, breaching sections 19 and 21 of the Financial Services and Markets Act 2000. The FCA notes that Mr Pugh targeted 238 investors via Facebook adverts, offering returns of up to 350% annually. It intends to commence confiscation proceedings to recover the proceeds of crime and says a further individual remains wanted in connection with the same offences.

The Financial Conduct Authority (FCA) has published a press release announcing that it has secured convictions against Redinel Korfuzi and Oerta Korfuzi for insider dealing and money laundering offences, following a criminal investigation under the Financial Services and Markets Act 2000 and the Criminal Justice Act 1993. Redinel Korfuzi, a research analyst at an asset management firm, used confidential, price-sensitive information obtained through his role to unlawfully trade in shares of at least 13 listed companies between December 2019 and March 2021. The activity was carried out in collaboration with his sister, Oerta Korfuzi, and generated profits exceeding £1m. Sentencing is scheduled for 4 July 2025, and the FCA will seek confiscation orders to recover the proceeds of crime.

The Financial Conduct Authority (FCA) has secured its first prosecution under the Data Protection Act 2018 (DPA 2018), after a Virgin Media O2 employee, Luke Coleman, pleaded guilty to unlawfully obtaining and subsequently disclosing personal data in breach of DPA 2018, s 170(1). Coleman sold confidential customer data to a family friend, Nicholas Harper, who used it in a boiler room fraud. Coleman was fined £384 and ordered to pay a £38 victim surcharge and £500 in prosecution costs.

The Financial Conduct Authority (FCA) has announced that Olumide Osunkoya, who pleaded guilty on 30 September 2024 to a number of charges, was sentenced to four years in prison on 28 February 2025 for illegally operating a network of crypto ATMs in the UK without the required registration from the FCA and associated offences. Osunkoya pleaded guilty to operating crypto ATMs at 28 locations through his company, GidiPlus Ltd, after being refused FCA registration. He continued operations under a false identity, involving forgery and the use of false identity documents. His activities facilitated money laundering. The FCA has initiated confiscation proceedings under the Proceeds of Crime Act 2002 to recover the proceeds from his criminal activities.

The Financial Conduct Authority (FCA) has updated its webpage on its proceedings against Park First and its senior management, to note that it has secured a further settlement which will see £1m added to the company voluntary arrangement (CVA) process for investors of Park First.

The Financial Conduct Authority (FCA) has announced that John Burford, sole director of Financial Trading Strategies Limited, has pleaded guilty to fraudulent trading under section 993 of the Companies Act 2006. Burford operated an unauthorised investment scheme, promoting a subscription-based trading service and three self-branded ‘tramline’ funds, through which he misled over 100 investors and generated more than £1m. Sentencing will take place at Southwark Crown Court at a later date, and the FCA will seek confiscation orders to recover the proceeds of the fraud and return funds to affected investors.

The Financial Conduct Authority (FCA) has secured a prison sentence totalling seven and a half years against Daniel Pugh for defrauding 238 investors of more than £1.3m through his unauthorised firm, Imperial Investment Fund (IIF), between 2019 and 2020. Pugh was found guilty of one count of conspiracy to defraud and had earlier pleaded guilty to carrying out unauthorised regulated activity, breaching sections 19 and 21 of the Financial Services and Markets Act 2000. The FCA is pursuing confiscation proceedings to recover the proceeds and compensate victims.