Three fraudsters have been jailed for a total of 15 years and nine months for carrying out a seven year £70m investment fraud which cheated more than 3,000 people, many of them pensioners, out of their savings.

The Crown Prosecution Service has authorised criminal charges against two people, including a former police superintendent, in connection with a £720,000 investment scam.

A company director has been jailed for eight years and one month for being responsible for and playing a key role in a Ponzi-style £9m investment fraud.

The latest issue of Financial Planning Today Magazine investigates the hidden enemy undermining trust in the financial services sector and Financial Planning on a daily basis.

Former NASA physicist John Burford has been sentenced to two years in prison in a £1m UK investment fraud case, following a prosecution brought by the FCA.

Investment scams saw a sharp 34% increase in losses in the first recorded rise since 2021, according to the annual UK Finance Annual Fraud Report.

The Financial Conduct Authority has secured confiscation orders of £305,284 against a trio of convicted investment fraudsters.