FCA bans six UCIS fraudsters from regulated financial services

All convicted last year

Carmen Reichman
clock • 1 min read

The Financial Conduct Authority (FCA) has banned six fraudsters from regulated financial services a year after they were convicted of a £4.3m fraud that trapped 100 investors.

The regulator banned Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker from performing any function in relation to a regulated activity for their parts in the operation of an unauthorised collective investment scheme (UCIS). It did not, however, move to ban two further individuals involved in the fraud -Brendan Daley and Ricky Ritchie. The men had sold fraudulent investments to 100 investors between July 2008 and November 2011, leading to losses of £4.3m. The investments were sold through three land-banking schemes: Plott Investments, later Plot...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA to move Leeds office

FCA to move Leeds office

Signs 2 Wellington Place agreement

Jen Frost
clock 22 October 2026 • 1 min read
FCA small firms guide to help businesses respond in 'proportionate' way

FCA small firms guide to help businesses respond in 'proportionate' way

Sara Woodroffe outlines review timelines and speaks on guide

Sophia Panayi
clock 22 October 2026 • 2 min read
Appointed representatives: Are you really in control of the risks?

Appointed representatives: Are you really in control of the risks?

'The FCA doesn't just want oversight, it wants evidence'

Paul Bruns
clock 06 October 2026 • 7 min read