A fraudster who took over £1m from 60 victims in a Ponzi-style investment scam has been jailed for five and a half years.

Two individuals have been sentenced to a combined 12 years in jail for their roles in a £1.5m crypto fraud.

The number of investment scams fell 29% to 3,647 cases in the first half of 2024 (H2 2023: 5,114 cases), according to new data from professional body UK Finance.