fraud

Average £91,000 lost to scams

Follows an FCA criminal law suit

Follows Hughes v Royal London case

Be prepared to invest in the right resources

'Alarm bells should have started ringing', FOS said

Charged in April, court proceedings have started

The chairman is a bit too impressed with a scam website

Other affected investors urged to come forward

A man pretending to be from the Financial Conduct Authority (FCA) is cold calling people in an attempt to defraud them, the regulator has warned.

A former independent financial adviser who set up a "no-risk gambling" Ponzi scheme has pleaded guilty to five counts of fraud.