The Serious Fraud Office has secured an increased confiscation order against former stockbroker and convicted Ponzi scheme fraudster Nicholas Levene.

Two fraudsters - jailed for their roles in a £415,000 boiler room investment fraud involving worthless coloured diamonds - have been ordered to pay back £172,987.

Fraudsters are using the details of an authorised passported asset manger, the FCA has warned.

A group of fraudsters were jailed for a combined 17 years and nine months today for their part in an elaborate wine investment scam which conned nearly £1m out of investors, many of which were elderly and vulnerable.