Rogue trader Alex Hope receives additional prison sentence

The sentence meted out to Hope today (27 September) is in addition to the seven years he received in January 2015 when he was found guilty for defrauding investors and operating a collective investment scheme without authorisation. Hope was ordered to pay £166,696 on 12 February 2016 but, as of today, has only paid £1,000 in satisfaction of the order. Financial Conduct Authority (FCA) director of enforcement and market oversight Mark Steward said: "The FCA will continue to make sure wrongdoers do not profit from their crimes at the expense of victims. Confiscation orders cannot be ign...