The latest from the FCA for you;
The Financial Conduct Authority (FCA) has secured a confiscation order of £265,523.96 against Andrew Currie.
Mr Currie was convicted in 2023 and sentenced to 2 years 6 months imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd.
He diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain.
At a hearing at Southwark Crown Court on 9 January 2026, Mr Currie was ordered to pay £265,523.96. This amount represents the total value of assets the court determined were still available to be recovered. The funds will be redistributed to the victims of his crimes.
Steve Smart, executive director of enforcement and market oversight at the FCA, said:
‘Mr Currie sought to profit by defrauding unwitting investors. Today’s decision is a clear warning to fraudsters and scam artists that we will pursue them and ensure they don’t benefit from their criminal activity.’
If Mr Currie does not pay the confiscation order within 3 months, he faces a default prison sentence of up to 3 years.
The confiscation proceedings form part of the FCA’s ongoing work to recover funds for victims of fraudulent investment schemes.
Be the first to comment