FCA bans First Step debt management couple for misappropriating client money

[Legal Beagles]

The Financial Conduct Authority (FCA) has today banned Adrian and Christine Whitehurst, former directors of debt management firm First Step Finance Limited (now dissolved), for dishonestly misappropriating client money. Over 4000 customers lost a total in excess of £6m as a result of their actions.

https://www.fca.org.uk/news/press-re...g-client-money

[Amethyst]

Re: FCA bans debt management couple for misappropriating client money

Thought I'd add the notices

• Final Notice 2017: Adrian Whitehurst [pdf]
  
  Final notices Published: 23/10/2017
  This final notice refers to breaches of FIT related to client money/assets and lack of fitness/propriety in the consumer credit sector. We imposed a prohibition. Final Notice: Adrian Whitehurst Conduct: Client money/assets; Lack of fitness/propriety Breaches: FIT Subject: Executive director Outcome: Prohibition Sector: Consumer Credit...
  
• Final Notice 2017: Christine Whitehurst [pdf]
  
  Final notices Published: 23/10/2017
  This final notice refers to breaches of FIT related to client money/assets and lack of fitness/propriety in the consumer credit sector. We imposed a prohibition. Final Notice: Christine Whitehurst Conduct: Client money/assets; Lack of fitness/propriety Breaches: FIT Subject: Executive director Outcome: Prohibition Sector: Consumer Credit...

[Amethyst]

Re: FCA bans debt management couple for misappropriating client money