FCA Launches Criminal Proceedings Against Daniel Pugh for Fraud and FSMA Violations

On 15 August 2023, Daniel Pugh will appear in Southwark Crown Court to face charges of fraud and three offences of breaching the Financial Services and Markets Act 2000 (FSMA). The FCA alleges that between 1 March 2019 and 31 August 2020, Mr Pugh defrauded investors out of approximately £1.3m through an unauthorised investment scheme, known as 'Imperial Investments Fund'. The alleged fraud involved misrepresenting the legitimacy of the scheme and misinforming investors of potential returns from the investments. If found guilty, Mr Pugh could face substantial penalties and potential criminal conviction.