Today at Southwark Crown Court, Guy Flintham pleaded guilty to fraud, following a prosecution brought by the FCA.
Update - May 2024
Mr Flintham was due to be sentenced on 26 April 2024.
The judge was not available to conduct the sentencing hearing on this date and the hearing will now take place on 17 May 2024.
When Mr Flintham is sentenced on 17 May 2024, the FCA will initiate confiscation proceedings under the Proceeds of Crime Act 2002 and the court will set a timetable for these proceedings.
Between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him.
Mr Flintham made a number of fraudulent claims to investors, including about how the scheme was operated, and the profits they could and were making via the scheme. He falsified documents in order to support some of his claims.
Sentencing will take place on 26 April 2024.
Mr Flintham pleaded not guilty to a further count of carrying on regulated activity without authorisation or exemption, contrary to the Financial Services and Markets Act 2000.
Notes to editors
- Guy Flintham's date of birth is 7 July 1977.
- Individual charged with fraud over unauthorised investment scheme.
- Fraud by false representation is contrary to section 1 of the Fraud Act 2006. It is punishable by a fine and/or up to 10 years’ imprisonment.
- Find out more information about the FCA.