Conmen must pay back £7m

Two Ponzi fraudsters who blew nearly £80m they stole from investors on Bentleys, Porsches and yachts have been ordered to pay back more than £7m or go back to jail. Michael Strubel, 57, and Jolan Saunders, 43, claimed they had won a contract to supply electrical goods to the Olympic Village ahead of the 2012 London games. They said Saunders Electrical Wholesalers Limited (SEWL) also supplied goods such as including trouser presses and kettles to major hotel chains. But SEWL…

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