Fraudulent ‘Ferrari’ driver, 18, is jailed

A teenager who boasted of turning a £2,000 investment from his father into £21m (€29m) has been jailed for more than two years after admitting fraud.

Sam Cook, aged 18, claimed he drove a £165,000 Ferrari, splashed out on a “lavish lifestyle” of expensive holidays and antiques and lived in a waterfront apartment.

He used the illusion of wealth to convince his parents’ friends and business associates to hand over their life savings for him to invest on the stock markets.