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The Independent UK

National

Ellie Ng

Former finance firm CEO spared jail after breaching restraint order on assets

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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