FCA secures convictions against individual for £1.3m Ponzi scheme

News Financial services Sanctions & Fines

Date: 7th Aug, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On July 18, 2023, Daniel Pugh was charged with conspiracy to defraud for running a Ponzi scheme through his Imperial Investment Fund. He pleaded guilty to carrying out unauthorized regulated activity and was found guilty of one count of conspiracy to defraud on the trial date." He will face confiscation proceedings to recover proceeds of crime as per FCA's plans.

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FCA secures convictions against individual for £1.3m Ponzi scheme

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FCA secures convictions against individual for £1.3m Ponzi scheme

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