The Financial Conduct Authority has urged victims of £2.5m boiler room investment fraudster Richard Faithfull to come forward by 12 September to ensure they are part of any claim for compensation.

A pair of pension trustees have pleaded guilty to making illegal loans from a company pension scheme to the scheme’s employer.

Fraudster Timothy Schools, 61, who was behind a collapsed £100m investment scheme used to fund his luxury lifestyle and network of 'no fee, no win' law firms, has been sentenced to 14 years in prison at Southwark Crown Court today.

Larry Barreto has pleaded guilty to two counts of carrying on regulated activities without authorisation.