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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