Ex-investment adviser sentenced to additional prison time

In 2021, Richard Faithfull, a convicted money launderer, was sentenced to five years and ten months in prison for laundering £2.5m, following a prosecution brought by the Financial Conduct Authority. He had been released from custody in June 2025. He was found to have been part of a transnational organised crime group which laundered the proceeds of at least seven overseas investment frauds. Faithfull is required to pay back £529,961, based on the court's findings on his available assets. However, he has only paid £349,214.37. Following his initial sentence, the regulator said: "Fa...