Thousands of pensioners invested their life savings into London Capital and Finance before it was revealed to be the UK’s biggest ever Ponzi scheme. Now, new Times reporting shows how the millions in investments were lavishly spent by LCF’s founders. So how was a scheme on this scale allowed to take root in the first place?

This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory

Guests: 

• Jim Armitage, contributing editor, The Sunday Times.
• Antonia Summer, investor in LCF.

Host: Manveen Rana.

Producer: Harry Stott, Callum Martin.

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Read more: Inside Britain’s biggest Ponzi scheme: where did £237m go?

Clips: Rehman Chisti MP / Facebook.

Photo: Getty Images.

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