Following a hearing at Southwark Crown Court, Guy Flintham, 46, was today sentenced to 6 years for fraud.

On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the FCA.

Between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded more than 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him.

Among these representations was the claim that he was a successful trader: in reality he was not.

He lied about how the scheme was operated and the profits that he was making for his investors. He sent them falsified trading statements which showed healthy returns. Any money that was paid out to them as returns was money received from other investors – or their own investment paid back to them.

Only £1.14m was ever placed into trading accounts by Mr Flintham, with a further £10m paid back to investors as ‘profits’ or withdrawals of capital. Mr Flintham spent substantial sums on an extravagant lifestyle, including more than £1m on vehicles, personalised number plates, jewellery and designer goods.

In sentencing, His Honour Judge Milne, remarked:

‘The fraud [in this case] relates to money being taken from friends, from family. It relates to people you know, who you met… you took money from them having looked them in the eye and no doubt shaken their hand.

‘I read the victim impact statements: they are heartbreaking… over and over again I read of the devastation left in the wake of [the fraud you perpetrated].

‘People were devastated by what has happened; people’s lives have been irrevocably damaged.’ 

Steve Smart, Joint Executive Director of Enforcement & Market Oversight at the FCA, said:

‘Over a 5-year period, Mr Flintham deliberately lied and misled people to persuade them to invest in what amounted to little more than a Ponzi scheme.

‘The sentence imposed today demonstrates the seriousness of Mr Flintham’s offending and is a warning to others who choose to engage in fraud.’

The FCA has commenced confiscation proceedings against Mr Flintham, with a hearing listed for 18 July.

The FCA took proactive steps using their powers under the Proceeds of Crime Act 2002 to secure available assets at an early stage in the investigation to make them available for confiscation.

A further count of carrying on regulated activity without authorisation or exemption, contrary to the Financial Services and Markets Act 2000, was ordered to lie on file.

Notes to editors

1. Guy Flintham’s date of birth is 7 July 1977.
2. Fraud by false representation is contrary to section 1 of the Fraud Act 2006. It is punishable by a fine and/or up to 10 years’ imprisonment.
3. Mr Flintham pleaded not guilty in respect of the offence of carrying on regulated activity without being authorised or exempt at Westminster Magistrates’ Court on 22 January 2024.
4. Mr Flintham did not indicate a plea in respect of the fraud offence and the case was sent to Southwark Crown Court for a Plea and Trial Preparation Hearing which took place on 19 February 2024.
5. Find out more information about the FCA.

The post Guy Flintham sentenced to 6 years for fraud over unauthorised investment scheme first appeared on Film Industry Watch.

Damian Chapa (Blood In, Blood Out, Money Talks, Under Siege) is now pretty well-known for making really bad low-budget straight-to-video movies that leverage his popularity in the Latino community for his role of “Miklo” in Blood In, Blood Out.  He was once married to Natasha Henstridge.  Years ago, I worked for one day as an actor in his film Vatos Locos which was released in 2011.  Besides being sold on DVD at Wal-Mart, it was posted on YouTube where it garnered 2 million views.  I and other cast and crew were never paid for our work.  At this point, he owes me thousands of dollars in late fees.  I have reached out to him on social media to ask about the money he owes me and he has blocked me.William Ngo, M.A.

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