Director fined £1.1m and banned for misusing funds due to insurers

News Financial services Sanctions & Fines

Date: 11th Nov, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On 11/11/2024, the Financial Conduct Authority issued an update regarding "Director fined £1.1m and banned for misusing funds due to insurers ". Leigh Mackey, a director of Inspire Insurance Services Ltd, has been banned from working in financial services and fined £1,102,879 for misleading the FCA and misusing insurer funds. He used these funds to support his business and personal expenses instead of paying insurers."

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Director fined £1.1m and banned for misusing funds due to insurers

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Director fined £1.1m and banned for misusing funds due to insurers

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Financial Conduct Authority

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