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Sponsors of Futurity and owned by prominent racehorse owner John Dance.Ordered to cease trading by Financial Conduct Authority.
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48 y o man arrested
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How old is John Dance?
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WealthTek LLP – Appointment of Interim Managers
WealthTek LLP (trading as WealthTek, Vertem Asset Management and Malloch Melville) With effect from 4 April 2023, Interim Managers have been appointed over WealthTek Limited Liability Partnership (the ‘LLP’ or ‘WealthTek’), trading as WealthTek, Vertem Asset Management and Malloch Melville, following an application to the High Court on 3 April 2023 by the Financial Conduct Authority (‘FCA’). Shane Crooks, Mark Shaw and Emma Sayers, licensed insolvency practitioners from BDO LLP, have been appointed as Joint Interim Managers (the ‘Joint Interim Managers’). The Joint Interim Managers are now responsible for the affairs of the LLP. In accordance with the order of the Court appointing them, they must protect and preserve (but not distribute) the business and assets of the LLP and any client assets (including client money) in which clients of the LLP are or may be interested. The Joint Interim Managers will undertake this function pending a hearing of an application by the FCA seeking a Special Administration order in respect of the LLP, which is due to take place on 6 April 2023. Whilst under the management and control of the Joint Interim Managers, WealthTek will cease all regulated activity save with the consent of the FCA (which consent may be either specific or general). Further information in respect of the appointment of Joint Interim Managers and what this means for clients and creditors of the LLP, together with some FAQs, can be found at https://www.bdo.co.uk/en-gb/wealthtek. The Joint Interim Managers will be writing to all clients and creditors of the LLP. If you have any queries in respect of the appointment of Joint Interim Managers or your claims against the LLP, please contact: WealthTekclients@bdo.co.uk. The LLP remains regulated by the FCA, albeit certain restrictions are now in place to prevent WealthTek (including under its other trading names) from undertaking any regulated activities. The Joint Interim Managers are working closely with the FCA as they carry out their duties. |
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On 4 April 2023, the FCA also issued a First Supervisory Notice pursuant to section 55L(3)(a) of the Financial Services and Markets Act 2000, requiring the LLP to immediately cease carrying on all regulated activities for which it has a Part 4A permission (other than where it has the express written consent of the FCA).
Under the provisions of paragraph 100(2) of Sch. B1 to the Insolvency Act 1986, as applied pursuant to regulation 15 of the Investment Bank Special Administration Regulations 2011, the Joint Interim Managers carry out their functions jointly and severally and any one or more of the Joint Interim Managers has exclusive power to exercise any function. The Joint Interim Managers act as agents of the LLP and without personal liability. As founder and principal of Vertem, John began his career at Wise Speke (now Brewin Dolphin) in 1996. He’s worked for international banks including Merrill Lynch and ABN Amro and, since launching Vertem, has built strong relationships with a number of Independent financial advisors, creating investment solutions for their clients. John’s strength is making sense of the economic and corporate outlook and translating it into sensible portfolios. He holds a number of industry qualifications including the CII Certificate in Discretionary Investment Management plus the CISI Diploma in Investment Advice and Masters in Wealth Management. |
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Accprding to companies house John Dance was born November 1974 which makes him 48
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Ed will be disappointed.
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Its a brave mans game.
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A crooked mans
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or Brazen mans.
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Dance has put a lot of money in the game over the last few years. Let's hope it was his.
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It was always a bit of a mystery how a Newcastle stock broker acquired such vast funds.
Sounds like anothee LCF scandal, they also put money in horses. |
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Didnt he buy the stables in Middleham where Horton trains??
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Yes
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Hope all involved get a very long sentence.
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talk of the town around the city for a while. lots of stuff going on, think some of you are a bit wet behind the ears when it comes to skulduggery.
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https://www.bbc.co.uk/sport/horse-racing/65203303
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Has he Madoff with the money ?
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Another Terry Ramsden.
Karl Burke a bit unlucky with owners. Miles Rodgers and John Dance |
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New firm will be set up "JD TROUSERING SERVICES"
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Do you think John may be having a cup of coffee with Peter in the blue tent Case?
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He holds a number of industry qualifications including the CII Certificate in Discretionary Investment Management plus the CISI Diploma in Investment Advice and Masters in Wealth Management.
WALOFS. |
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Basically stands for gambling with other peoples money. It's all good when you're winning!
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Basically stands for gambling with other peoples money. It's all good when you're winning!
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mrcombustible 06 Apr 23 15:51
Karl Burke a bit unlucky with owners. ---------------- Karl Burke ... a bit unlucky with - Father-in-laws, too. = Former Warned Off Trainer Alan Jarvis |
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CII Certificate in Discretionary Investment Management
has discretion over whether to invest your money or buy himself a racehorse with it .. |
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Karl Burke ... a bit unlucky with - Father-in-laws, too. = Former Warned Off Trainer Alan Jarvis ---- Like father like son in law!!!
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I've a feeling John won't be at Newcastle races tomorrow.
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can't think of a nicer bloke this could happen to
remember him giving it the big one on social media after his horse beat something that broke down in the final furlong over in Ireland. Hope he leaves the game and has a nice spell in Pentonville |
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didn't know that one Flem but had him as a thumbs down myself
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Think you're on about Alpha Centauri.
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How many times have the cheerleaders suggested he was great for the game? Racing will now forget that he ever existed.
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just a spiv who got lucky with one good horse...as for the pathetic dance routine lapped up by Ed and co....vomit inducung.
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Its a
Bravemansgame  |
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That's what I was thinking of when I posted earlier lead on. Vomit inducing sums it up nicely.
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Clear what's gone on here, invested other people's money and took profits to build his racing interests. Has paid ridiculous money over the odds for horses at sales and now stock market has dropped he can't pay people their money back. Fed up with these financial wideboys gambling or stealing investors money. Hopefully he will end up with a long sentence and not be allowed to keep all these assets that he clearly didn't buy with his own money!
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i think it was Warren Buffet who said "You can only see who has been swimming with no trunks on when the tide goes out". Very true.
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The LCF guys went bust Jan 2019, arrested. No court case as yet
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Like most of these wannabe's they can't resist the limelight and end up overpaying for horses to be part of the crowd at Tattersalls. Telling everyone how lovely the horse is and what a great family it's from. They're mostly clueless and get turned over by the agents who themselves have been seen to be bent as nine bob notes. If this indeed is what has taken place I have no sympathy whatsoever for the consequences.
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