Former footballer jailed for £15m investment scam targeting family

Money from his victims was used to pay for a luxury lifestyle

Ayesha Venkataraman
clock • 2 min read

A former Charlton Athletic footballer who convinced up to 100 friends and family members to invest more than £15m in a foreign currency exchange scheme has been jailed, say the City of London Police.

London-based Richard Rufus was sentenced to seven and a half years imprisonment at Southwark Crown Court on Thursday (12 January), after being found guilty of four counts of fraud by false representation, money laundering and one count of carrying out a regulated activity without authorisation after a four week-long trial. Formerly a player with Charlton Athletic Football Club, Rufus claimed to be successful foreign exchange trader who persuaded his friends and family to invest by promising a high returns and low risk investment, according to the City of London Police. He also claimed...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Rathbones looks for growth after year of internal focus during Investec merger

Rathbones looks for growth after year of internal focus during Investec merger

Growth in funds under management and administration to £115.6bn

Eve Maddock-Jones
clock 15 January 2026 • 3 min read
Brooks Macdonald returns to positive flows in Q2

Brooks Macdonald returns to positive flows in Q2

Funds under management/advice now top £20bn

Jenna Brown
clock 15 January 2026 • 2 min read
PA Awards 2026: Multi-asset shortlists revealed

PA Awards 2026: Multi-asset shortlists revealed

Championing excellence

Professional Adviser
clock 14 January 2026 • 2 min read