Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker have been prohibited from performing any function in relation to any regulated activity for their parts in the operation of an unauthorised collective investment scheme.
The case was brought by the Financial Conduct Authority (FCA)
Between July 2008 and November 2011 these individuals were involved in the operation of an unauthorised collective investment scheme through three companies: Plott Investments Ltd, which changed its name to Plott UK Ltd; European Property Investments (UK) Ltd, and Stirling Alexander Ltd.
The scheme led to over 100 investors losing just under £4.3 million and the individuals who operated the scheme received sentences totalling more than 30 years. Between them, these individuals were convicted of offences including breaching, or aiding and abetting the breach of, the general prohibition (the carrying on or purported carrying on of a regulated activity without authorisation or exemption) and possessing criminal property.
Other offences committed included conspiracy to defraud and providing information knowing it to be false or misleading.