Following an application by the FCA, the High Court, on 14 May 2019, declared that Xcore Capital Limited (Xcore) and Jonathan Chitty had carried on an unauthorised investment scheme. The scheme took in at least £1 million from investors but only a small amount of the investors’ money was ever used for trading.*
https://www.fca.org.uk/news/press-re...sed-forex-firm
https://www.fca.org.uk/news/press-re...sed-forex-firm