Devon man jailed for £1.3m Ponzi scheme run from his bedroom

FCA secures seven-and-a-half-year sentence

Sahar Nazir
clock • 3 min read

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh, who has been sentenced to seven-and-a-half-years in prison for running a £1.3m Ponzi scheme that defrauded 238 investors.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot