FCA urges unauthorised land banking scheme victims to get in touch to return funds
The UK's Financial Conduct Authority (FCA) is urging members of the public who invested in unauthorised collective investment schemes, and who may be eligible to receive some of their money back, to get in contact with the FCA.
Between 2005 and 2010, approximately 870 members of the public invested approximately £32.8m in unauthorised collective investment schemes established and operated by Countrywide Land Holdings Limited, James Kenneth Maynard (trading as Regional Land and Countrywide Land Holdings Limited) and Stephen Ronald Watkins (trading as Consolidated Land UK Limited). These schemes involved the unlawful selling of plots of land.
FSA secures £32 million High Court judgment against three land banks (2012)