Ross Peters pleaded guilty on 28 January 2015 to conspiracy to defraud and of operating a regulated activity without authorisation in January 2015. He was given five years and will pay £136,238 in compensation.
In addition to his actions relating to the landbank scam, Peters was found to have been in contempt of court by breaching a restraint order obtained by the then Financial Services Authority (FSA) by, among other things, dissipating over £237,000 from bank accounts and disposing of Rolex watches and two racehorses.
Crawley and Mitchie’s confiscation orders were made on 6 January 2017, while Peters and Hawkins’ confiscation orders were made on 10 January 2017.
Daley’s order was made on 12 January 2017 and Walker’s on 8 February 2017. The final confiscation orders for Forsyth and Petrou were made on 22 May 2017.
Dogged pursuit
Mark Steward, the FCA’s executive director of Enforcement and Market Oversight said: “The FCA will continue to pursue those engaged in financial crime, including advisers and other professionals who facilitate misconduct or who launder its proceeds.
“We will also take action, wherever possible, to address the harm caused by misconduct, including taking action to strip illegal gains from defendants for the benefit of those who have suffered loss as a result.”
