The FSA's Investigation Into Wilson's Fraud

The FSA, the FCA's predecessor, acted through the civil courts obtaining an injunction to freeze assets. This was supported by a series of graphs seemingly showing that they produced annual returns of between 50% and about 90% in each year from 2004 to 2008. During the course of the investigation when the scale of this dishonesty became clear, the FSA began a criminal investigation. Wilson was actually sentenced to five months imprisonment in April 2012 for repeated breaches of the FSA High Court injunction. On the 25th of October 2013 Wilson pleaded guilty to one count of operating a collective investment scheme without being authorized by the FCA. On 14th of February 2014 at Sovec Crown Court, Wilson was sentenced