The UK arm of Ponzi scheme Imperial Investments, Investments Imperial Limited, has been issued with a strike-off notice by Companies House after failing to file up to date details of its ownership.
Imperial Investments is run by convicted drug dealer and electricity thief Scott Wood and insomniac former soldier Dan Pugh, and claims to pay a return of 350% per year.
Its Facebook page has not been updated since August, when the FCA issued a scam warning against the company and Pugh revealed on Facebook that Imperial was struggling to keep its money laundering channels open.
If the strike-off goes ahead, in two months Investments Imperial Limited will be dissolved and its assets will become property of the UK Government. It’s unlikely that the UK shell company of a small-time Ponzi scheme has any assets to speak of, but it won’t help them keep banking channels open.