A fraudster who targeted a pension company and banks has been jailed for three years for making £178,000-worth of fake applications to get pension facilities and loans.

Over £612m was lost to investment fraud in 2023, according to new data from crime reporting service Action Fraud.

Three crooks who laundered funds fraudulently obtained from 350 people tricked into investing more than £12m in a boiler room fraud were sentenced on Friday.

A former boss of a City of London foreign exchange company has been found guilty of a £70m Ponzi-style foreign exchange investment fraud.