A three-minute-hearing in criminal proceedings brought by the FCA against the former directors of Collateral (UK) Limited was held earlier today.
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Reporting by Daniel Cloake.
Collateral purported to be a so-called Peer-to-Peer lending firm, which facilitated investments crowdfunded by members of the public.
Collateral (UK) Limited and two related companies entered administration in April 2018.
The two defendants, Andrew Currie, 57, and Peter Currie, 58, both deny two charges under the Fraud Act 2006 and one charge under the Proceeds of Crime Act 2002. The trial, with an estimated length of 4-weeks is expected to begin on April 11th 2023.
The mouseinthecourt has reported on previous hearing, hopefully providing a level of independent oversight to the process.
11th Jan 2022: “FCA commences criminal proceedings against Collateral Directors“
26th Jan 2022: “Collateral Currie brothers appear in court following FCA action“
23rd Feb 2022: “Trial date set for Currie brothers“
17th Oct 2022: “Collateral Currie brothers trial on track as Case Management Hearing held“
Case management hearings are subject to strict reporting restrictions. What we can say about todays hearing is that:
Both defendants were not required to attend, and did not.
The barristers appeared remotely over video link.
Andrew Currie was represented by Oliver Renton
Peter Currie was represented by Ashley Hendron
The FCA were represented by Stuart Biggs
His Honour Judge Chris Hehir ordered that a further Case Management Hearing should be listed in January 2023.
Case details:
Court 8 Southwark Crown Court
Before HHJ Hehir
11th November 2022 11.02am
For Mention
Case number: T20220056
CURRIE Andrew
CURRIE Peter
Mouse in the Court 
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