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Recover Your Losses from Apex Algorithms

Apex Algorithms, a gambling investment scheme based in Folkestone, is at the centre of a £5.2 million fraud investigation with its directors charged and awaiting a court hearing in August 2026. If you transferred funds from a UK bank account, a refund claim may be possible — even if your bank has already refused.

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important information about scam and fraud claims

Why Choose Compensation Adviser?

We are specialists in recovering funds lost to sophisticated investment and gambling scams like Apex Algorithms. Our team understands the tactics used by fraudsters to deceive investors and the specific regulatory frameworks, such as APP fraud rules, that can hold banks accountable for failing to protect their customers. We manage your case from start to finish, providing expert representation without any upfront costs.

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We operate on a strict no-win, no-fee basis. You’ll only pay our 15%+VAT success fee if your claim is successful. Cancellation fees may apply (see full fee details below).

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What Was Apex Algorithms?

Apex Algorithms (also operating as Apex Incorporated Limited) presented itself as a sophisticated gambling investment business based in Folkestone, Kent. The company claimed to have developed a complex online betting process that could consistently beat bookmakers by detecting when odds did not reflect the true probability of sporting events. Between July 2017 and May 2021, the scheme attracted at least 130 investors from the UK and abroad, defrauding victims out of an estimated £5.2 million.

How the Apex Algorithms Scheme Worked

The operators of Apex Algorithms, Nathan Burgoyne and Paul Northcott, initially lured investors by offering unsecured corporate bonds with promises of high annual returns, sometimes up to 16%. They claimed a seven-year track record of positive returns, despite the company only existing for four years at the time. To maintain the illusion of success, the directors allegedly used falsified information to advertise the scheme, provided inaccurate forecasts of potential and actual profits, and distributed false returns to investors.

Following a lengthy investigation by the Kent and Essex Serious Crime Directorate, which included search warrants and arrests in December 2020, both men were charged in April 2024. The charges include conspiracy to defraud, fraud by false representation, carrying on the business of a company with intent to defraud creditors, and money laundering. They are currently awaiting a court hearing set for August 2026.

Signs You May Have Been Misled by Apex Algorithms

Investment scams often share common red flags. If you experienced any of the following with Apex Algorithms, you may have grounds for a claim:

You were promised unrealistic, guaranteed, or consistently high returns (e.g., 16% annually) from sports betting.

You received marketing materials containing falsified information or inaccurate profit forecasts.

You were led to believe your investment was fully secured against company assets when it was actually unsecured.

You received 'returns' that were actually funded by new investors' deposits (a hallmark of a Ponzi scheme).

You experienced sudden communication blackouts or excuses when attempting to withdraw your funds.

You transferred funds directly from a UK bank account to the scheme's operators.

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Scam Scenarios: What to Do If You Lost Money to Apex Algorithms

1. Stop All Payments

Do not send any more money to Apex Algorithms or anyone claiming they can recover your funds for an upfront fee.

2. Gather Documentation

Collect all emails, promotional brochures, bank statements, and records of transfers related to your investment.

3. Contact Your Bank

Notify your bank immediately that you have been the victim of an investment fraud.

4. Report to Action Fraud

File a report with Action Fraud, the UK's national reporting centre for fraud and cybercrime.

5. Beware of Recovery Scams

Fraudsters often target victims a second time, promising to recover lost funds for an advance fee. Legitimate firms will not ask for money upfront.

6. Seek Professional Representation

Contact Compensation Adviser for a free review of your case to explore your options for claiming a refund through your bank.

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Can I Recover Money Lost to Apex Algorithms?

Yes, recovery may be possible. If you transferred money to Apex Algorithms from a UK bank account, your bank has a regulatory duty to protect you from fraud. Under Authorised Push Payment (APP) fraud rules and through the Financial Ombudsman Service (FOS), victims can often hold their banks liable if the bank failed to identify red flags or provide adequate warnings before allowing the transfers to proceed.

Why Choose Compensation Adviser for Your Apex Algorithms Claim?

Specialist Knowledge: We have extensive experience dealing with complex investment fraud and gambling scams.
Bank Accountability: We know how to challenge banks that initially refuse to refund victims of APP fraud.
Comprehensive Management: We handle the entire claims process, from initial investigation to FOS escalation.
No Upfront Costs: Our no-win, no-fee structure means you can pursue justice without financial risk.

Frequently Asked Questions

What was the Apex Algorithms scam?

Apex Algorithms was a fraudulent scheme operating out of Folkestone, Kent, that claimed to use complex algorithms to guarantee high returns from sports betting. Between 2017 and 2021, it defrauded over 130 investors of approximately £5.2 million by using falsified profit forecasts and paying false returns.

Have the directors of Apex Algorithms been charged?

Yes. In April 2024, Nathan Burgoyne and Paul Northcott were charged with conspiracy to defraud, fraud by false representation, carrying on a business with intent to defraud creditors, and money laundering. A court hearing is scheduled for August 2026.

Can I get my money back if I invested in Apex Algorithms?

If you transferred funds from a UK bank account, you may be able to claim a refund. Banks have a duty of care to protect customers from fraud, and if they failed to intervene or warn you appropriately, they may be liable to reimburse your losses under APP fraud rules.

My bank already refused my refund request. Can you still help?

Yes. Banks frequently reject initial fraud claims. We specialise in challenging these decisions and can escalate your case to the Financial Ombudsman Service (FOS) if the bank’s refusal was unfair or failed to meet regulatory standards.

How long does the claims process take?

The timeline varies depending on the complexity of the case and the bank’s response. While some claims are resolved within a few months, cases that need to be escalated to the Financial Ombudsman Service can take between 6 to 12 months or longer.

What are your fees?

We operate on a no-win, no-fee basis. If your claim is successful, we charge a fee of 15% + VAT of the total compensation awarded. If we do not recover any money for you, there is no fee to pay.

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