The Financial Conduct Authority (FCA) has initiated criminal proceedings against Blackburn man Guy Flintham for allegedly committing fraud totalling £19m by false representation and carrying out regulated activity without authorisation.
The watchdog said the alleged fraudulent activities occurred between January 2016 and November 2021, during which Flintham defrauded about 240 investors, convincing them to invest £19m in an investment scheme operated by him. According to the FCA, Flintham made misleading claims to potential investors, providing false information about the operation of the investment scheme. He has been accused of falsifying documents. In the process of accepting funds from investors, the FCA said Flintham engaged in the regulated activity of accepting deposits, a function for which he lacked authoris...
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