Reference Case Number: FOI8505
Freedom of Information: Right to know request:
Subject matter: restitution orders
Business area or division: enforcement
Dates: January to October 2020 inclusive
Between January and October 2020, how much redress was awarded under restitution orders as a result of the FCA's work on scams?
FCA response:
We can confirm that between 1 January 2020 and 31 October 2020 there were 3 restitution orders under the s147 Sentencing Act 2020. The below table sets out the amount of redress awarded in each restitution order:
| Date published | Name | Outcome | Redress amount | Final Notice |
|---|---|---|---|---|
| 14-Jan-20 | Countrywide Holdings Limited | Restitution | £2,500,000 | FCA returns funds to land banking victims |
| 06-May-20 | Our Price Records (OPR), Lee Skinner and Karen Ferreira | Restitution | £3,620,000 | FCA secures orders for victims of unauthorised share scheme |
| 10-Aug-20 | Avacade and Alexandra Associates (UK) Ltd and directors | Restitution | £10,715,000 | High Court orders illegal pension introducers Avacade, Alexandra Associates and their directors to pay £10,715,000 restitution to consumers |