UK FCA Secures $7.3 Million Confiscation UK Court Order Against Convicted Guy Flintham in $23 Million Fraudulent Investment Scheme with Over 240 Investors, Sentenced to 6 Years Jail Term
10th February 2025 | Hong Kong
The UK Financial Conduct Authority (FCA) has secured a $7.3 million confiscation UK court order against convicted Guy Flintham in $23 million fraudulent investment scheme with over 240 investors. Guy Flintham was sentenced to 6 years jail-term. UK FCA (31/1/25): “The FCA has secured a confiscation order of £5,963,376.15, against convicted fraudster Guy Flintham. Mr Flintham is serving a 6-year prison sentence having pleaded guilty to fraud by false representation. The fraudulent investment scheme operated by Mr Flintham took £19m from over 240 investors. He made several fraudulent claims to investors, including about how the scheme was operated and the profits they were making. He falsified documents to support his claims. The court determined that Mr Flintham’s criminal benefit was £23,932,204.84, with the confiscation order amount being owed a £5,963,376.15, based on the court’s findings as to his available assets. The confiscated funds will be distributed to the victims of his crimes. The court has imposed a default prison sentence of 2 years on Mr Flintham, meaning that if he does not satisfy the terms of the confiscation order within 3 months, he will serve this further term of imprisonment in addition to the 6 years he is already serving. The FCA will now contact the identified victims of Mr Flintham’s fraud to provide further information.
“ UK FCA Secures $7.3 Million Confiscation UK Court Order Against Convicted Guy Flintham in $23 Million Fraudulent Investment Scheme with Over 240 Investors, Sentenced to 6 Years Jail Term “
Steve Smart, Joint Executive Director of Enforcement & Market Oversight, FCA: ‘Mr Flintham deliberately lied and misled people, causing them serious harm. This order sends a signal to anyone who engages in fraud – your ill-gotten gains are not safe even when you’re behind bars.’
Notes
- Guy Flintham’s date of birth is 7 July 1977.
- Guy Flintham pleaded guilty to fraud by false representation contrary to section 1 of the Fraud Act 2006.
- The court further ordered that the sums confiscated from Guy Flintham are used to compensate the identified victims.
- Find out more information about the FCA.
UK FCA Secures $7.3 Million Confiscation UK Court Order Against Convicted Guy Flintham in $23 Million Fraudulent Investment Scheme with Over 240 Investors, Sentenced to 6 Years Jail Term
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