The former principal partner of wealth manager WealthTek, John Dance, is to stand trial in connection with allegations of a £64m fraud and money laundering charges.
The Financial Conduct Authority has today charged wealth management company owner John Dance with nine criminal offences, including multiple counts of fraud and money laundering.
The Financial Services Compensation Scheme has made a first payment of £26.6m to the Joint Special Administrators of failed Newcastle-based wealth manager WealthTek LLP.
