WealthTek's John Dance to face trial in 2027 for £64m fraud

Court date set as he pleads not guilty

Isabel Baxter
clock • 2 min read

Former WealthTek principal partner John Dance will face trial in September for the criminal proceedings brought by the Financial Conduct Authority (FCA) over an alleged £64m fraud.

Dance was charged in December 2024 with alleged misappropriation of client funds worth £64m between 2014 and 2023. At a plea and trial preparation hearing at Southwark Crown Court yesterday (24 February), Dance pleaded not guilty to three counts of fraud by abuse of position and three counts of fraud by false representation. Separately, it has been ordered by the High Court, following an application by the FCA and consented to by Dance, that the civil proceedings brought by the FCA in April 2023 will remain paused until the conclusion of the criminal proceedings or until further order...

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 People

Emma Watkins named Canada Life UK CEO

Emma Watkins named Canada Life UK CEO

Joins from rival provider Scottish Widows

Jenna Brown
clock 03 July 2025 • 1 min read
Schroders head of UK Middleton's private markets 'democratisation' plan

Schroders head of UK Middleton's private markets 'democratisation' plan

Bringing more access to advisers and retail investors

Isabel Baxter
clock 02 July 2025 • 2 min read
Fairstone CEO Lee Hartley to become deputy chair

Fairstone CEO Lee Hartley to become deputy chair

Successor has been appointed and will be announced in September

Jenna Brown
clock 01 July 2025 • 2 min read