FCA bans six UCIS fraudsters from regulated financial services

The regulator banned Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker from performing any function in relation to a regulated activity for their parts in the operation of an unauthorised collective investment scheme (UCIS). It did not, however, move to ban two further individuals involved in the fraud -Brendan Daley and Ricky Ritchie. The men had sold fraudulent investments to 100 investors between July 2008 and November 2011, leading to losses of £4.3m. The investments were sold through three land-banking schemes: Plott Investments, later Plot...