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/