John Dance, well known in horse racing circles for his ownership of six-time Group 1 winner Laurens, has been charged with nine criminal offences in “one of the most serious and largest frauds ever investigated” by the UK’s financial regulator.
The 50-year-old is accused by the Financial Conduct Authority (FCA) of transferring more than £64m from client accounts of a wealth management firm to fund his “lavish lifestyle” and business interests, including racing and a nightclub, between 2014 and 2023.
