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.