Tag: Collateral

FCA Prosecution: Two Brothers Convicted For Taking £750,000 Out Of Failed Investment Firm! 

Court Cases Ben - May 24, 2023

In a prosecution brought by the FCA, Peter Currie, 59, was convicted by unanimous verdicts of 2 counts of fraud and 1 of money laundering, and Andrew Currie, 57, was convicted of 1 count of fraud and 1 of money laundering at Southwark Crown Court following a 5-week trial. Before its collapse into administration in February 2018, Collateral offered peer-to-peer style investments on a website, fraudulently claiming it was authorized and regulated by the FCA.

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