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The Independent UK
The Independent UK
National
Ellie Ng

THE TRUTH ABOUT: Former finance firm ceo spared jail after breaching restraint order on assets - The Untold Story

Michael Thomson Andy Thomson SFO Italy
PA Archive

The former chief executive of a collapsed finance firm has been spared jail after spending thousands on luxuries while his assets were restrained under a court order.

Michael Thomson, also known as Andy Thomson, had his assets restrained under a court order in March 2019 as the Serious Fraud Office (SFO) investigated the collapse of London Capital & Finance – where Thomson had been CEO – which resulted in 11,000 investors affected and £230 million in losses.

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