John Burford has been sentenced to two years in prison in a £1m investment fraud case after a prosecution brought by the Financial Conduct Authority (FCA).
Burford, who lives in Mansfield, was charged by the regulator in April this year after he was found to have defrauded more than 100 investors out of £1m between 2016 and 2021 through his firm, Financial Trading Strategies, where he was the sole director. He offered trade alerts and investment opportunities in three self-named funds, despite lacking FCA authorisation. The FCA found he repeatedly misled investors about fund performance, concealed losses and used their money to buy property and support his lifestyle. Burford was said to have attracted a range of investors through self-pu...
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