The Financial Conduct Authority (FCA) has charged Lisa Campbell with multiple criminal offences, including fraud by abuse of position and providing false or misleading information to the FCA to conceal her wrongdoing.
Campbell was the sole director of Campbell & Associates Independent Financial Advice Ltd, which operated as Campbell & Raffle Independent Financial Advice Ltd until November 2020.
The firm gave financial advice on investments, insurance, and pensions but was not authorised to hold or control client money.
The FCA alleges that between 1st April 2013 and 10th May 2023, Campbell misappropriated funds from clients repeatedly.
According to the charges, she created multiple false documents to falsely reassure clients about their investments.
The FCA claims that she also submitted false documents to them to hide her illegal actions.
It is alleged that Campbell stole over £2.3m, causing significant financial losses to several victims, including family, friends, and a vulnerable child.
Campbell has been released on bail and is set to appear at Portsmouth Magistrates Court on 17th April 2025.
Therese Chambers, joint executive director of enforcement and market oversight, said: “Mrs Campbell’s actions are a betrayal of trust on a massive scale.
“We allege she used her position to defraud clients out of millions, including vulnerable people and her own friends and family who relied on her for advice, using falsified documents to cover up her lies.
“We are determined to hold her accountable for her actions.”
The Intermediary reached out to Lisa Campbell for comment prior to publication.
