Former boss of collapsed investment firm jailed for illegally selling hot tub

Key points

• The former boss of the 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 luxury items including horse saddles and a hot tub.
• Michael Thomson’s actions were characterised by Judge Milne as an attack on the administration of justice.
• Thomson was sentenced alongside his wife, Debbie, who also admitted to the offences but whose si month sentence was suspended for a period of two years.
• The couple had previously admitted to recklessly breaching a Serious Fraud Office (SFO) restraint order by receiving a £2,000 holiday refund and selling items with a combined value of almost £5,800. The former financier was already serving a suspended sentence at the time of the offences for an earlier breach, having transferred £95,000 to his wife to conceal funds from investigators, the SFO said.
• The assets are subject...