FCA secures confiscation order against Ponzi scheme fraudster

The Financial Conduct Authority (FCA) has secured a confiscation order against Andrew Currie, a fraudster convicted for his role in a Ponzi scheme involving the collapsed peer-to-peer lending platform Collateral (UK) Ltd. At a hearing on 9 January 2026 at Southwark Crown Court, Currie was ordered to pay £265,523.96, representing assets still available for recovery. The funds will be redistributed to victims of his fraudulent activities, which included misappropriating investor funds for personal use, such as the purchase of a property in Spain.

Currie was originally sentenced in July 2023 to 2 years and 6 months imprisonment for fraud by abuse of position and an additional 2 years and 6 months for money laundering. If he fails to comply with the confiscation order within three months, he faces default prison sentence of up to three years. The FCA emphasized its commitment to holding fraudsters accountable and ensuring they do not profit from their crimes.

Confiscation orders are issued under the Proceeds of Crime Act 2002 and require offenders to repay benefit gained from criminal conduct or the value of their available assets, whichever is lower. The FCA continues to pursue recovery efforts for victims of fraudulent investment schemes, reinforcing its role in safeguarding consumer interests and maintaining market integrity.