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The South Coast Ponzi Fraud: Episode 02

UK True Crime Podcast

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The FCA's Decision to Release Wilson on License

Of his seven year sentence he must only serve half in prison for his release on license. He was also banned from working as a company manager or a director for 15 years. Many unconvinced by the regulatory authorities' conduct during Wilson's crimes, feeling they should have done more to stop him. So what did the FCA say about this? Tracey McDermot, Director of Enforcement and Financial Crime at the FCA defended the action of the authorities. She said it was not uncommon for people to be taken in by a charismatic figure who told them you're getting a great deal here because you're pushing things at the legal boundary. And with limited resources, is this actually the best

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