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

FCA must still fix investing culture, says LSE CEO

FCA must still fix investing culture, says LSE CEO

‘We’ve protected people from the downside but we haven’t exposed the upside’

Sophia Panayi
clock 20 May 2026 • 1 min read
FCA increases support for solo-regulated firms

FCA increases support for solo-regulated firms

Scale-up Unit now available to solo-regulated businesses

Jenna Brown
clock 20 May 2026 • 1 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 15 May 2026 • 1 min read