The FCA has secured a confiscation order totalling £291,070 against convicted fraudster, Mark Starling.
The order, made at Southwark Crown Court, followed the regulator’s prosecution in which Starling was sentenced to 5 years’ imprisonment for defrauding investors of approximately £3m for unauthorised investment schemes he operated between 2008 and 2017.
The Court found that Starling had gained £3,010,982.18 from his criminal conduct, but that the total realisable assets for confiscation was £291,070.36. The FCA revealed Starling had spent the rest of the victims’ money maintaining his comfortable lifestyle.
The money will be used to compensate the 14 victims of his crimes who lost around £1.8 million in total.
FCA executive director of enforcement and market oversight, Mark Steward, commented: “The FCA will continue to take steps to ensure that proceeds of criminal activity are confiscated from the criminals we prosecute so that victims can be compensated as far as possible.”
The FCA announced that if Starling does not pay the confiscation order on time, he is liable to spend a further two and a half years in prison.
Latest News
-
Overall savings product choice continues to beat records
-
GDP grows by 0.4% in July
-
Remortgage searches jump 11% year-on-year
-
Restore Britain unveils plan to abolish FCA/PRA in their current form
-
7IM claims record growth with highest platform AUM growth in Q2
-
Atomos agrees acquisition of MWA Financial
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories