UPDATE: Today (26 July) at Southwark Crown Court, Judge Tomlinson sentenced Ian James Hudson to four years' imprisonment for one count of fraudulent trading, with two additional terms of 14 months, each reflecting a breach of s19 FMSA, to run concurrently following his earlier guilty plea. The UK's Financial Conduct Authority said in a statement that this followed charges laid by the FCA namely carrying on a business, Richmond Associates, for a fraudulent purpose and carrying on regulated activities when not authorised or exempt. Mark Steward, executive director of Enforcement and Mar...
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