The Financial Conduct Authority has secured a £265,523.96 confiscation order against Andrew Currie, who was convicted of defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd. The recovered funds will be redistributed to victims. At a hearing at Southwark Crown Court on 9 January 2026, the court set the order at £265,523.96, representing the total value of assets still available to be recovered. Currie was sentenced in July 2023 to 2 years 6 months’ imprisonment for fraud by abuse of position and 2 years 6 months for money laundering under section 327 of the Proceeds of Crime Act 2002, after diverting investor funds for personal gain, including purchasing a property in Spain. Currie must pay the confiscation order within 3 months or faces a default prison sentence of up to 3 years. The FCA framed the confiscation action as part of its ongoing work to recover funds for victims of fraudulent investment schemes, and noted that confiscation proceedings for Peter Currie concluded in November 2024 with a £5,000 order.
Financial Conduct Authority 2026-01-09
Financial Conduct Authority obtains £265,523.96 confiscation order against Collateral fraudster Andrew Currie
The Financial Conduct Authority secured a £265,523.96 confiscation order against Andrew Currie for defrauding investors through Collateral (UK) Ltd, with funds to be redistributed to victims. Currie, sentenced in July 2023 for fraud and money laundering, must pay within three months or face up to three years in prison.