Former WealthTek principal partner John Dance will face trial in September the criminal proceedings brought by the Financial Conduct Authority (FCA) over an alleged £64m fraud.
Dance was charged in December 2024 with alleged misappropriation of client funds worth £64m between 2014 and 2023. At a plea and trial preparation hearing at Southwark Crown Court yesterday (24 February), Dance pleaded not guilty to three counts of fraud by abuse of position and three counts of fraud by false representation. Separately, it has been ordered by the High Court, following an application by the FCA and consented to by Dance, that the civil proceedings brought by the FCA in April 2023 will remain paused until the conclusion of the criminal proceedings or until further order...
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