Dance, the principal companion on the wealth administration agency, has been accused of fraudulently abusing his place for private achieve.
The FCA mentioned between 2014 and 2023, Dance transferred greater than £64m from consumer accounts to his management. The funds had been then used to fund a “lavish life-style”.
He’s additionally accused of utilizing the funds to again enterprise ventures resembling racehorses and a nightclub.
Eight MPs name on Chancellor to analyze FCA’s WealthTek crackdown
WealthTek was previously referred to as Vertus Asset Administration (Vertus). The FCA defined that previous to WealthTek acquiring dir…
