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

Written by Adam Cadle

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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