The 69-year-old will be sentenced on September 24, 2021 after pleading guilty to forgery today (July 13) at Southwark Crown Court.
Allen’s charge relates to events that followed proceedings by the Financial Conduct Authority against Renwick Haddow for operating several unauthorised collective investment schemes, which had led to a successful judgement against Haddow and others in 2018.
Haddow and others were then ordered by the High Court to pay £16.9m in restitution.
Among other assets, Haddow had an interest in a property -13 Brook Mews - which should have been available to the FCA to fulfil this restitution order.
But according to the FCA, Allen forged a trust deed that hid Haddow’s interest in this property, knowing it would be used to avoid the property being sold for the benefit of victims of the unauthorised collective investment schemes.
The property has now been sold and proceeds have recently been distributed to affected investors.
amy.austin@ft.com
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