John Dobbs has been charged with three counts of conspiracy to commit fraud by false representation over an unauthorised investment scheme which defrauded investors out of £3.9m.

He has been charged by the FCA with being involved in the operations of the suspected water investment scam alongside Bruce Rowan, David Simmons, Robert Sweeney and Justin Russell.

The FCA alleges that between 1 May 2015 and 23 July 2019, Mr Dobbs conspired to defraud UK investors via two companies, Hanover Merchant Capital UK Ltd and Liberty House Capital Ltd.

The allegations include false representations about how their money would be invested, how their profits were generated, and the security of their capital.

Mr Dobbs will appear before Southwark Crown Court on 25 March.