Individual pleads guilty to perverting the course of justice over defrauding investors

Written by Adam Cadle
08/03/2018

The FCA has today announced that Alex Hope has pleaded guilty to perverting the course of justice.

Hope had originally been sentenced at Southwark Crown Court to a total of 7 years’ imprisonment for defrauding investors of significant sums and operating a collective investment scheme without authorisation.

In total, over 100 investors entrusted Hope with over £5.5m. The scheme was closed down by the FCA in April 2012. As a result of the work of the FCA, approximately half of the amount taken from investors was identified and frozen.

The latest charge relates to his conduct following the imposition of a restraint order in 2012 and a confiscation order in 2016 arising from criminal proceedings brought by the FCA.

Hope has been remanded in custody until Thursday 15 March 2018, when it is anticipated that a date for sentencing will be set.

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