FCA Charges Ex-Directors Of Peer-To-Peer Lender With Fraud
By Richard Crump (January 7, 2022, 6:13 PM GMT) -- The City watchdog said Friday that it has charged two former directors of collapsed peer-to-peer lender Collateral (U.K.) Ltd. with fraud.
The FCA has alleged that brothers Peter and Andrew Currie dishonestly represented to investors that Collateral was authorized and regulated by the City watchdog to operate as a peer-to-peer lender, knowing this was untrue. (Mike Kemp/In Pictures via Getty Images)
Peter Currie, 57, and Andrew Currie, 56, who are brothers, each face one charge of fraud by false representation, one charge of fraud by abuse of position and one charge of converting criminal property, the Financial Conduct Authority said.
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!