Ex-Dragons’ Den star reported to the FCA for misconduct
Julie Meyer, a former star of BBC TV show Dragons' Den, has been reported to the Financial Conduct Authority (FCA), City A.M. has learned.
The self-proclaimed “entrepreneurs champion”, who relocated much of her early-stage investment business to Malta post-Brexit referendum, also had her licence to perform business as an investment fund revoked by the countrys regulator on Friday.
The Malta Financial Services Authority (MFSA) accused Meyers firm, Ariadne Capital, of breaching a number of rules.
These included failing to openly supply the regulator with information, failing to notify the regulator of director departures and not having the necessary human or technical resources to manage alternative investor funds.
Meyer, meanwhile, said that she had already notified the MFSA that her business would be leaving Malta “because of the MFSAs failure to process basic administrative tasks, as well as needing to protect shareholder interests by operating in a secure legal and business environment”.
She added she was not aware of any FCA probe, and did not “know of any reason for one”. The FCA declined to comment.
The former Dragon put the UK branch of Ariadne Capital into administration last December, after which it emerged the firm owed almost £2m to employees and advisers.
Adding to the string of ex-employees and law firms who are pursuing her for money, her former public relations adviser Henry Gewanter – who revealed the 2009 MPs expenses scandal – is now alleging that Meyer never paid him.
Gewanter is currently crowdfunding on Go Fund Me to raise cash to take Meyer to court.
Read more: I'm out: Dragons' Den star Julie Meyer has rolled her venture capital firm into administration
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