Former boss of collapsed investment firm jailed for illegally selling hot tub
Michael Thomson, the former head of the collapsed investment firm London Capital & Finance, has been sentenced to six months in prison for contempt of court. He admitted to breaching a restraining order by selling luxury items, including a hot tub. His wife, Debbie, received a suspended sentence for her involvement in the offenses.
- ▪Michael Thomson was sentenced for illegally selling luxury items while breaching a court order.
- ▪His wife, Debbie, received a suspended sentence for her role in the offenses.
- ▪The couple had previously admitted to breaching a Serious Fraud Office restraint order.
- ▪LC&F collapsed in 2019 after selling £236m of mini-bonds, leading to significant financial losses for investors.
- ▪The Serious Fraud Office continues to investigate the case on behalf of affected investors.
Opening excerpt (first ~120 words) tap to expand
Thomson was sentenced to six months in prison alongside his wife, Debbie, whose sentence was suspended for two years Photograph: Clara Molden/PAView image in fullscreenThomson was sentenced to six months in prison alongside his wife, Debbie, whose sentence was suspended for two years Photograph: Clara Molden/PABusinessFormer boss of collapsed investment firm jailed for illegally selling hot tubMichael Thomson admitted to breaching a restraining order by selling a range of luxury itemsSimon GoodleyThu 21 May 2026 12.04 EDTLast modified on Thu 21 May 2026 12.06 EDTSharePrefer the Guardian on GoogleThe former boss of collapsed investment firm London Capital & Finance (LC&F) has been imprisoned for six months for contempt of court, after admitting breaching a restraining order by selling…
Excerpt limited to ~120 words for fair-use compliance. The full article is at World news | The Guardian.
Discussion
0 commentsMore from World news | The Guardian
