FCA bans adviser after promoting £2.3m fraudulent schemes

Between September 2010 and October 2012, Oakley was involved with promoting two unregulated and fraudulent investment schemes. In total £2.3m was invested in the schemes by 21 investors. In October 2017, Oakley pleaded guilty to two counts of making misleading, false or deceptive statements about the schemes. He was sentenced to 30 months in prison. While sentencing Oakley, Judge Kearl QC described his behaviour as "as close to fraud as possible" and said he personally sold the schemes while ignoring all of the "red flags", repeatedly assuring investors that the schemes were working w...