A fraudster responsible for a £20.5m Ponzi-style investment scam has been jailed for 5 years and 4 months at Southwark Crown Court after a six year investigation.

Adviser platform AJ Bell has urged the Government to consider giving a minister specific responsibility for tackling financial scams.

Criminals are exploiting the Coronavirus pandemic by fuelling a big rise in online fraud, according to the latest figures from UK Finance.

Four people have been arrested as part of a HM Revenue and Customs investigation into a multi-million pound phone scam.