Financial Conduct Authority has secured a confiscation order of £265,523.96 against Andrew Currie after his conviction in connection with the collapsed peer-to-peer lending platform Collateral (UK) Ltd.
Currie was convicted in 2023 and sentenced to 2 years and 6 months’ imprisonment after the court found he had diverted funds from Collateral investors for personal use, including the purchase of a property in Spain.
At a hearing at Southwark Crown Court on 9th January 2026, the court ordered Currie to pay £265,523.96, representing the value of assets assessed as still available for recovery.
The regulator said the funds will be redistributed to those affected by the scheme.
Steve Smart, executive director of enforcement and market oversight at the FCA, said: “Mr Currie sought to profit by defrauding unwitting investors.
Today’s decision is a clear warning to fraudsters and scam artists that we will pursue them and ensure they don’t benefit from their criminal activity.”
If Currie does not pay the confiscation order within three months, he faces a default prison sentence of up to three years.
The FCA said the confiscation proceedings form part of its ongoing work to recover funds for investors and to prevent individuals retaining the proceeds of criminal activity.
