Investing4You Fraud (2026) — Director Pleads Guilty & How to Recover Your Funds
The director behind the Investing4You investment scheme, Declan Nowell, has pleaded guilty to fraud offences following a multi-year police investigation. Over 600 investors were affected, with total reported losses of approximately £9 million.
If you invested with Investing4You, you are not alone - and you may have options to recover your funds. Refundee has already recovered £250,000 for one affected client through UK banking regulations and is actively supporting further investors.
Start your free eligibility assessment here.
Latest Update: Investing4You Fraud Case Developments (2026)
Recent legal proceedings have confirmed that Declan Nowell has pleaded guilty to fraud offences following an investigation into the collapse of the Investing4You scheme. Authorities reported that more than 600 investors were affected, with total losses of approximately £9 million.
Investigators found that the operation functioned as a Ponzi-style scheme, where funds from new investors were used to pay earlier participants while large sums were diverted to fund personal spending — including luxury vehicles and property purchases. The company was also found to have been operating without the required FCA regulatory authorisation, meaning itwas never legally permitted to offer investment services in the UK.
Declan Nowell is awaiting sentencing. A separate proceeds-of-crime investigation is ongoing to identify recoverable assets.
What Was Investing4You?
Investing4You presented itself as a foreign exchange trading scheme, promising investors high returns from FX trading. In reality, it was an investment in which account performance was misrepresented, dashboards showed fictitious profits, and investors were pressured to reinvest before the scheme ultimately collapsed.
The scheme is consistent with patterns Refundee regularly sees in collapsed investment fraud cases — misleading account dashboards, withdrawal delays, pressure to deposit further funds, and operation without FCA authorisation.
What Should You Do If You Invested with Investing4You?
If you’ve been affected, it’s important to know you’re not alone. These situations can leave victims with nowhere to turn; however, Refundee can help.
We have spoken to victims of the collapsed investment scheme, and we have successfully recovered £250,000 for one of our clients.
We utilised our experience within UK banking regulations to represent our client in their complaint to their bank and then to the Financial Ombudsman, who successfully upheld the case.
Can You Recover Money from Investing4You?
If your bank is signed up to the Contingent Reimbursement Model (CRM) Code and you meet the criteria below, you might be able to claim your money back:
You made the payment from your UK bank account after the 28th of May 2019
Your payment was sent to another UK bank account
Check our list of participating banks to see if yours is signed up to the CRM code.
Refundee has already successfully recovered £250,000 for one Investing4You client by representing them through their bank and then to the Financial Ombudsman Service, which upheld the case. We are actively supporting further investors and have recovered over £130 million for clients with a large proportion coming from cases like this.
We operate on a no win, no fee basis with no upfront costs.
Start your recovery claim here
Read our verified reviews from our clients on Trustpilot.
How would the process work?
Refundee manages everything for you.
We begin with an investigation to understand what happened in your specific circumstances. After some paperwork, we handle your case from start to finish, working with your bank through to the Financial Ombudsman Service.
These cases can take around 6-12 months, although the process can vary in terms of duration.
Who are Refundee?
Refundee are fraud refund specialists, and you can read about what our previous customers have said about us on Trustpilot. We’ve recovered millions for fraud victims in the UK.
Refundee Ltd is a claims management company authorised and regulated by the Financial Conduct Authority in respect of regulated claims management activity FRN: 937096.
Registered with the Information Commissioner's Office; registration number: A8986071.
Registered office address: Refundee, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.
Registered as a company in England & Wales; number: 12855931.
FAQ’s - Frequently Asked Questions
-
Yes. Declan Nowell, the director of Investing4You, has pleaded guilty to fraud offences following a multi-year police investigation into the scheme. He is currently awaiting sentencing.
-
No. Investing4You was never authorised by the Financial Conduct Authority to offer investment services in the UK. The FCA has since issued an official warning about the company, which you can view on the FCA warning list.
-
Yes - Refundee has already recovered £250,000 for one affected investor through UK banking regulations. If you paid via UK bank transfer, you may be eligible to pursue reimbursement through Authorised Push Payment (APP) fraud rules. Start your eligibility check here.
-
No. Your claim through UK banking regulations is entirely separate from the criminal proceedings and does not depend on the outcome of sentencing or any proceeds-of-crime investigation. You do not need to wait for the criminal process to conclude.
-
Cases of this type typically take between 6 and 12 months, though timescales can vary depending on your individual circumstances. Acting promptly gives you the best chance of a successful outcome.
