A convicted financial influencer who scammed victims out of more than £1million has been ordered to pay compensation to his victims.
The Financial Conduct Authority (FCA) said it had secured a confiscation order of £452,286.60 against Daniel Pugh, who was convicted last October of running a 'ponzi scheme'.
Pugh, a 36-year-old ex-soldier from Devon, is serving a seven years and six months prison sentence for stealing money from 238 investors he targeted through social media adverts.
After duping victims out of £1.3million, Pugh will have to pay back the total value of the assets the court could recover, which will be used to compensate the victims of his crimes.
Daniel Pugh, a 35-year-old ex-soldier from Devon, was sentenced to seven years and six months in prison last October
