Former London Capital & Finance CEO Michael Thomson has been jailed for six months after breaching a Serious Fraud Office restraint order by selling luxury assets while under investigation over the collapsed mini-bond firm.
Thomson's wife, Debbie Thomson, also received a six-month prison sentence suspended for two years today (21 May) after admitting multiple breaches linked to the sale of restrained assets and the receipt of a £2,000 holiday refund. The SFO said the couple sold restrained luxury items, including horse saddles and a hot tub worth almost £5,800, despite restrictions designed to preserve assets during the agency's ongoing fraud and money laundering investigation into London Capital & Finance. Thomson admitted recklessly breaching the restraint order twice, while Debbie Thomson admitted fou...
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