FIN.

FCA recovers £3.4m for scam victims

FCA has obtained approval from the High Court to return over £3.4m which it has recovered from various accounts relating to two schemes that were unauthorised CIS and deposit-taking schemes, purporting to involve the online purchase of Chinese goods for onwards sale at high returns. The funds relied on a flow of new investors to fund returns and were run by Samuel and Shantelle Golding,

The funds FCA has recovered will be returned to around 600 investors.

Emma Radmore