Six men have been banned by the FCA after over 100 investors lost just under £4.3 million.

The sextet 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.

Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker already had prison sentences totalling more than 30 years. The offences happened between July 2008 and November 2011.
The FCA ruled that all were “not a fit and proper person to perform any function in relation to any regulated activity carried on by any authorised person”.

They 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
• Stirling Alexander Ltd

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)
• possessing criminal property
• conspiracy to defraud
• providing information knowing it to be false or misleading