Fraudster Jonathan Allard has been given a prison sentence of over seven years for his role in a complex investment scam.

The Financial Ombudsman Service has issued a rare warning about a surge in investment scams over the past year, with half involving cryptocurrency cons.

Two fraudsters who conned a man out of £5,000 in a bitcoin scam have been sentenced.

Investment scam victims are losing an average of £45,000 each to fraudsters and falling prey to a soaring number of 'clone' investment scams, latest figures from Action Fraud reveal.