The Financial Conduct Authority has urged 20 remaining victims of an illegal investment scheme to come forward after Southwark Crown Court ordered compensation be paid.

Two men have been sentenced to a total of 19 years in jail for large-scale investment fraud, after an eight year investigation.

Investment fraud victims are suffering £373m of repeat fraud a year and can lose even more than they lost the first time they were conned, according to police data.

Between September 2019 and September 2020, Action Fraud received over 17,000 reports of investment fraud amounting to £657.4m in reported losses.