Ex-IFA ponzi fraudster gets two more years in jail

Phillip Boakes was handed the additional time after failing to satisfy the full value of a £166,000 confiscation order. Boakes has failed to pay the full amount and as of 15 March interest of £36 a day is accruing, the Financial Conduct Authority said. Director of enforcement and market oversight Mark Steward said: "Wrongdoers should not be able to retain the benefits of their wrongdoing. "The FCA will continue to ensure orders to strip wrongdoers of their ill-gotten gains are enforced and not ignored or evaded." Boakes was sentenced to ten years' in prison in March last year...