UCIS fraudster Alex Hope admits perverting course of justice

Reportedly spent £125k on single champagne bottle

Tom Ellis
clock • 1 min read

Collective investment scheme fraudster Alex Hope has pleaded guilty to a charge of perverting the course of justice, according to the Financial Conduct Authority (FCA).

The charge relates to his conduct following the imposition of a 2012 restraint order and a 2016 confiscation order that arose from criminal proceedings brought by the financial watchdog, it said. He has been remanded in custody until 15 March while a date for sentencing is yet to be set, the FCA said. In September 2016, Hope was given an addtional 603-day prison sentence for failing to pay a confiscation order, on top of the seven years he received in January 2015 when he was found guilty of defrauding investors and operating a collective investment scheme without authorisation. He...

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

Regulation as a deal driver: How FCA scrutiny is reshaping wealth management consolidation

Regulation as a deal driver: How FCA scrutiny is reshaping wealth management consolidation

In wealth management M&A regulation has moved from footnote to headline

Louise Mahon
clock 27 April 2026 • 3 min read
Dropping annual advice reviews is 'watershed moment' – Keith Richards

Dropping annual advice reviews is 'watershed moment' – Keith Richards

Speaking at PA360 conference in London

Jenna Brown
clock 23 April 2026 • 3 min read
FCA: Consolidation has not reduced access to advice

FCA: Consolidation has not reduced access to advice

Advice sector stable but room for growth

Jenna Brown
clock 23 April 2026 • 2 min read