Finance director who used clients money to buy firm has been banned

The finance director of a collapsed debt management company that was used by a couple to fund their luxurious lifestyle has been banned by the City watchdog. Adrian and Christine Whitehurst set up Stockport based First Step Finance in 2007 and the firm went bust seven years later with debts of £7m. First Step’s clients were largely vulnerable individuals who went to the firm for help to pay off their debts. The Financial Conduct Authority (FCA) has ruled that Darren Newton showed a "serious lack of honesty and integrity" b... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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