Related topic: WealthTek

Action has now been taken against CACEIS UK, Sapia Partners and Barclays Bank UK.

The FCA found Sapia did not put enough safeguards in place to protect client money.

Dance is accused of fraudulently abusing his position of trust at WealthTek for his own personal gain. 

Dance transferred over £64 million from client accounts of Vertus and WealthTek to accounts he controlled.