The latest from the FCA for you;
An individual has been convicted for breaching the Data Protection Act, but acquitted of fraud and unauthorised business offences, following a prosecution brought by the Financial Conduct Authority (FCA).
On Monday 1 September, Taunton-based Nicholas Harper, aged 26, pleaded guilty to encouraging or assisting an offence to be committed in breach of the Data Protection Act.
Following a retrial at Southwark Crown Court, a jury today (19 September) found Harper not guilty of conspiracy to defraud and not guilty of an offence related to carrying out regulated activity in the UK without FCA authorisation.
Harper was fined £100 and ordered to pay a £30 victim surcharge for the data protection breach.
Raymondip Bedi and Patrick Mavanga were previously sentenced to a combined 12 years of imprisonment for their role in a scam which defrauded at least 65 investors out of £1,541,799.
A further individual, Minas Filippidis, is wanted in relation to the same offences that Bedi and Mavanga were convicted for.
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