The Serious Fraud Office today raided two sites and made three arrests in the south of England as part of a new investigation into an alleged £76m luxury care homes fraud.

[Content warning - this article contains references to suicide and self harm. Please see footnote]

Most weeks, to be fair nearly every week, we run stories on Financial Planning Today about scammers or financial crooks who have cheated clients out of all or part of their savings.

There was an interesting, but mostly unreported, development this week on the regulatory front which may have significant repercussions for regulated firms.

The Financial Conduct Authority and the Serious Fraud Office have signed a joint deal to co-operate more extensively on investigations including launching joint probes.