Eight convicted after FCA brings major UCIS fraud case

Eight men have been convicted for their roles running an unauthorised investment scheme which lost 110 investors more than £4.3m.

Scott Crawley, Dale Walker, Daniel Forsyth, Brendan Daley, Aaron Petrou, Ross Peters, Adam Hawkins, and Ricky Mitchie have either received immediate prison terms - eight years in the case of Crawley - or suspended sentences. The case against the men was brought by the Financial Conduct Authority (FCA). The group was involved in running an unauthorised collective investment scheme between July 2008 and November 2011 via three companies: Plott Investments (later Plott UK), European Property Investments (UK), and Stirling Alexander. It collected more than £4.3m from 110 investors, but...