FCA secures £290k confiscation order against convicted investment fraudster

Investors lost £3m

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) has secured a confiscation order totalling £291,070.36 against convicted fraudster Mark Barry Starling. Starling was sentenced to five years in prison in November 2018 at Southwark Crown Court for defrauding 17 investors of almost £3m. A total 24 people, who the FCA said were his friends and acquaintances, invested in his funds. The fraudulent activity related to unauthorised investment schemes that Starling operated between 2008 and 2017, according to the FCA. The order will be used to compensate 14 of the 17 victims who lost some £1.8m in total....

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

Dennis Hall's open letter to the FCA: Time to retire RU64

Dennis Hall's open letter to the FCA: Time to retire RU64

'The rule is particularly misaligned with client expectations'

Dennis Hall
clock 01 May 2025 • 2 min read
Complaints against financial services firms fall below 1.8 million

Complaints against financial services firms fall below 1.8 million

All major product groups saw fewer complaints

Sahar Nazir
clock 30 April 2025 • 2 min read
FCA backs artificial intelligence with live testing service

FCA backs artificial intelligence with live testing service

Wants AI to keep the UK competitive

clock 29 April 2025 • 2 min read