NORTH WEST FRAUD FORUM

Individual found guilty in relation to £1.3mn Ponzi scheme

16 Aug 2025 11:34 AM | Anonymous member (Administrator)

An individual has been found guilty of fraud, following a prosecution by the Financial Conduct Authority.

Appearing at Southwark Crown Court, Daniel Pugh was found guilty of one count of conspiracy to defraud, after setting up a Ponzi scheme that netted more than £1mn.

According to the regulator, Pugh took money from 238 investors through his fraudulent investment scheme “Imperial Investment Fund”.

https://www.ftadviser.com/fraud/2025/8/8/individual-found-guilty-in-relation-to-1-3mn-ponzi-scheme/


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