The Financial Conduct Authority (FCA) has charged a fifth individual over an alleged water investment scam.
The regulator has charged John Dobbs with three counts of conspiracy to commit fraud by false representation. The FCA alleges that Dobbs – alongside Bruce Rowan, David Simmons, Robert Sweeney and Justin Russell – were involved in the operations of an unauthorised investment scheme, which defrauded investors out of £3.9m. It has been suspected that between 1 May 2015 and 23 July 2019, Dobbs conspired to defraud UK investors via two companies, Hanover Merchant Capital UK and Liberty House Capital. This included false representations about how their money would be invested, how thei...
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