The Financial Conduct Authority has won a court order to obtain £1.6 million from Argento Wealth Ltd (AWL) and its sole director Mr Daniel Willis who is accused of promoting two alleged unlawful investment schemes. 

The FCA has secured a confiscation order at Southwark Crown Court for £171,913 against Manraj Singh Virdee who was given a two year suspended prison sentence for cheating investors with a unauthorised investment scheme.

Eight people have been convicted in connection with an unauthorised collective investment scheme which led to 110 investors losing over £4.3 million. Read more...