FCA secures £291,070 confiscation order against convicted fraudster

The FCA has issued a press release confirming that a confiscation order of £291,070.36 has been obtained against a convicted fraudster. Barry Starling is already serving a 5 years’ prison sentence for defrauding investors of just under £3m in relation to unauthorised investment schemes he operated between 2008 and 2017. 

The Court found that Mr Starling had derived a benefit of £3,010,982.18 from his criminal conduct, but that the total realisable assets for confiscation was £291,070.36. If Mr Starling doesn’t pay the confiscation order on time, he is liable to spend a further 2.5 years in prison.