Two men who operated a £1m insurance scam from an office in Chorley have been jailed.

Neil McKay, 44, and Faron Wilson, 40, posed as respectable insurance brokers and tricked more than 100 victims into using their services.

Instead of providing them with the promised policies, they simply pocketed the premiums for themselves.

They kept the five year fraud going by paying out on smaller claims, but left their customers exposed to huge losses on larger payouts.

McKay was jailed for four years and four months, while Wilson received a six year prison sentence at Southwark Crown Court.

The judge added that when the matter comes before the court again for an application to seize the defendants' assets, compensation for the victims including Mr Price would take precedence.

McKay and Wilson ran the fraud through their High Street based firm Ideal Insurance.

Victims were shown 'wholly bogus' policy documents to convince them that they had taken out genuine insurance.

McKay personally took £698,000 out of the business, while Wilson took £314,000.

A further £200,000 was withdrawn in cash, and is still unaccounted for.

McKay, of Sandy Lane, Mawdsley, Ormskirk, admitted conspiracy to defraud while Wilson, of Bolton Road West, Ramsbottom, denied the same charge.