Robin Forster, the director of a Ponzi-style unlawful and unauthorised care home investment scheme which saw investors lost £57m, has been banned for 14 years.

Two financial companies offering LCF-style investment ‘bonds’ have been shut down after a £3m fraud against investors.

Leeds-based finance firm boss Francis Wainwright has been sentenced to seven years in prison after admitting running a £20m Ponzi scheme which cheated elderly and vulnerable investors.

The Insolvency Service has warned investors about a recent increase in recovery room scams, where crooks prey on investment scam victims.