The UK Financial Conduct Authority (FCA) has charged John Dance with nine criminal offences, including multiple counts of fraud and money laundering.
John Dance was principal partner at WealthTek LLP (formerly known as Vertus Asset Management LLP), a wealth management firm.
Prior to WealthTek obtaining direct authorisation from the FCA in 2020, Vertus operated first as a trading name and then as an appointed representative of Sapia Partners LLP (Sapia), meaning they could carry out certain regulated activities under Sapia’s supervision.
Mr Dance is accused of fraudulently abusing his position of trust at Vertus and WealthTek for his own personal gain. Between 2014 and 2023, Mr Dance transferred over £64 million from client accounts of Vertus and WealthTek to accounts he controlled, which the FCA alleges…
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