Anti-fraud organisation Action Fraud has warned Instagram users to be wary of fraudulent investment posts as news emerges of more than 350 people being cheated out of a total of nearly £3.2m in the last five months.

Some victims of pension scams have lost more than £1m in savings each to fraudsters, new statistics have revealed.

A rogue financial adviser who cheated vulnerable elderly women, family and friends out of their life savings - and fled to Russia to spend the proceeds on gambling and prostitutes - has been jailed for eight years at Liverpool Crown Court.

The director of a fake binary options company who defrauded 42 victims out of £475,000 has been jailed.