Director jailed for near £9m investment fraud

Declan Nowell sentenced for ‘Ponzi-style’ investment scam

Sophia Panayi
clock • 2 min read

Company director Declan Nowell, 32, has been sentenced to eight years and one month in prison for “being responsible and playing a key role” in a nearly £9m investment fraud.

Nowell was sentenced at Hull Crown Court on 29 May after pleading guilty to two counts of fraud and one count of operating an unauthorised, unregulated investment scheme at previous hearings. A Crown Prosecution Service (CPS) and the Humberside Police investigation proved that Nowell was the director of a company called ‘Investing4you', which claimed it traded on the foreign exchange (Forex) markets and recruited hundreds of investors. The majority of investors came from Scunthorpe and North Lincolnshire. Nowell told investors that, once the company received money from them, he wou...

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 Regulation

Proposed simplified advice rules unlikely to help service new clients, advisers say

Proposed simplified advice rules unlikely to help service new clients, advisers say

Research from AJ Bell

Sophia Panayi
clock 01 June 2026 • 1 min read
Succession Alliance to tackle 'completely unregulated' space this year

Succession Alliance to tackle 'completely unregulated' space this year

Wants to create a ‘minimum set of standards’

Sophia Panayi
clock 27 May 2026 • 4 min read
Clearer simplified advice guidance needed to 'drive genuine progress'

Clearer simplified advice guidance needed to 'drive genuine progress'

Responses to FCA consultation were due by last Friday

Sophia Panayi
clock 27 May 2026 • 5 min read