More than £2.6bn has been stolen through investment fraud in the UK since the start of 2020, according to new research by the Pensions Management Institute (PMI).

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.

The Serious Fraud Office is to return over £1m to more than 200 victims of one of the UK’s biggest ever boiler room frauds.