Earlier today a jury returned their verdicts against two brothers who ran the finance firm Collateral UK Limited.
Collateral (UK) Limited was a finance company which facilitated investments crowdfunded by members of the public. The firm and two related companies entered administration in April 2018.
The two defendants, Andrew Currie, 57, and Peter Currie, 59, both denied two charges under the Fraud Act 2006 and one charge under the Proceeds of Crime Act 2002 in this criminal prosecution brought by the Financial Conduct Authority.
For further information about the case, and to see our reporting of other days please visit our main trial information page.
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Reporting by Daniel Cloake who tweets @mouseinthecourt
The first count of fraud alleges they dishonestly made a false representation to investors and potential investors that the company Collateral UK Limited was authorised and regulated by the Financial Conduct Authority.
Peter Currie was found GUILTY
Andrew Currie was found NOT GUILTY
The second count of fraud claims the Curries abused their positions, in which they were expected to safeguard, and not act against, the financial interests of the company by transferring £275,000 from Collateral to Auri Developments Ltd.
Peter Currie was found GUILTY
Andrew Currie was found GUILTY
The third charge relates to converting criminal property, suggesting the Curries converted credits to the total value of £372,299.52 to bank accounts owned by Andrew Currie, knowing or suspecting it to be proceeds of crime, namely fraud by misrepresentation.
Peter Currie was found GUILTY
Andrew Currie was found GUILTY
It is understood the defendants will be sentenced on July 7th, 2023.
Case details:
Courtroom 12 Southwark Crown Court
Before His Honour Judge Griffith
22nd May 2023
Case number: T20220056
CURRIE Andrew
CURRIE Peter
The Financial Conduct Authority are represented by barrister Stuart Biggs, assisted by Thomas Coke-Smyth.
Peter Currie is represented by barrister Colin Aylott KC, assisted by Ashley Hendron.
Andrew Currie is represented by barrister Henry Grunwald OBE KC, assisted by Oliver Renton.
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Mouse in the Court 
Any idea what sentence they got? It’s not posted online for some reason & on the court records for Southwark on the 07.07, both of there names have stars (***** ****** instead of Peter Currie). Interested in seeing what they got.
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