WealthTek

Says regulator neglected to act on claims of potential fraud for more than two years

Confirmed in a witness statement by FSCS’ Guy Enright

High Court approves the joint special administrators’ plan to return funds

Regulator secured 12-month pause on civil action

The lifeboat fund says it is likely to meet losses after WealthTek’s collapse

FSCS expects to cover WealthTek losses in next few weeks

A man aged 48 has been arrested by Northumbria Police