Investment scammer Stephen Allen pleads guilty to forgery in FCA case

Investment scammer Stephen Allen pleads guilty to forgery in FCA case

 · 2 min read
Last updated and fact checked:

Stephen Allen, a 69-year-old investment scammer, has pleaded guilty in a case brought against him by the Financial Conduct Authority (FCA). The case related to several unauthorised collective investment schemes and his involvement in forging a trust deed. He is expected to be sentenced on 24th September this year.

Editorial Note: We earn a commission from partner links on Pension Times. Commissions do not affect our writers’ or editors’ opinions or evaluations. Read our full affiliate disclosure here.

69-year-old investment scammer Stephen Allen yesterday pleaded guilty in a forgery case brought against him by the Financial Conduct Authority. The case against him related to proceedings brought against Renwick Haddow in 2018 by the FCA over several unauthorised collective investment schemes.

Following the successful judgment against Haddow and several others, the High Court ordered them to pay nearly £17 million in restitution. This included the sale of assets such as property, which should have been sold to help fulfil the payment to victims of the scam as ordered by the High Court.

However, Stephen Allen then forged a trust deed for a property in which Haddon had an interest. Allen did this to avoid selling the property to put the money toward restitution for their scam victims. It has since emerged the property in question has now been sold and the funds distributed to the victims of the schemes.

After pleading guilty to forgery today at Southwark Crown Court, Allen will be sentenced on 24th September. 

Meanwhile, Haddow is awaiting sentencing in the United States, having pleaded guilty to a separate case of fraud prosecuted by the U.S. Department of Justice.

Reno Charlton
Reno Charlton
Reno joined Age Group in 2020 and has nearly 20 years of writing experience. Although she specialises in writing about finance topics and covering finance news, Reno is also a published author and has written several children's books and short stories.
The content on is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial advisor. Any references to products, offers, rates and services from third parties advertised are served by those third parties and are subject to change. We may have financial relationships with some of the companies mentioned on this website. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors