Average £91,000 lost to scams
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.