FCA obtains £265k confiscation order against convicted fraudster

The FCA has secured a confiscation order of £265,523.96 against Andrew Currie.

Currie was convicted in 2023 and sentenced to two and a half years imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral.

An investigation found that he diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain.

The Collateral companies operated a peer-to-peer lending platform online and purported to hold an interim permission from the FCA to carry on regulated activities. In fact, none of the Collateral companies held any valid authorisation or permission. When challenged by the FCA, Collateral agreed to cease their lending activities and, in February 2018, the lending platform became inoperative.

At a hearing at Southwark Crown Court on 9th January 2026, Currie was ordered to pay £265,523.96. This amount represents the total value of assets the court determined were still available to be recovered. The funds will be redistributed to the victims of his crimes.

If Currie does not pay the confiscation order within three months, he faces a default prison sentence of up to three years.

Steve Smart, executive director of enforcement and market oversight at the FCA, said: "Mr Currie sought to profit by defrauding unwitting investors. Today’s decision is a clear warning to fraudsters and scam artists that we will pursue them and ensure they don’t benefit from their criminal activity."