FCA charges two individuals with multiple fraud charges

A trial has been scheduled for September 2027 at Southwark Crown Court in the FCA’s criminal case against John Dance, the former principal partner of WealthTek LLP.

John Dance was charged in December 2024 over allegations of misappropriating £64 million in customer funds between 2014 and 2023.

During a plea and trial preparation hearing at Southwark Crown Court on 24 February 2025, Dance pleaded not guilty to three counts of fraud by abuse of position and three counts of fraud by false representation.

Separately, the High Court has ruled—following an application by the FCA, with Dance’s consent—that the civil proceedings initiated by the FCA in April 2023 will remain on hold until the criminal case concludes or further court order.

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