John Dance, formerly the principal partner of Wealthtek, is scheduled to stand trial in September 2027, facing serious criminal charges levelled by the Financial Conduct Authority (FCA). The charges, filed in December 2024, allege that Dance misappropriated approximately £64 million in client funds over a nine-year period from 2014 to 2023.

The FCA’s investigation was sparked following the arrest of a 48-year-old man by Northumbria Police, who collaborated closely with the regulator. The individual was subsequently interviewed under caution. To prioritise the criminal investigation into Dance’s alleged activities, the FCA has temporarily suspended its civil proceedings against Wealthtek.

What This Means for Affected Clients

The upcoming trial marks a significant development in the Wealthtek case, which has already caused substantial financial disruption for clients. As the legal process unfolds, further details may emerge regarding the extent of the alleged misappropriation and its impact on investors.

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