In a previous life I came across a magistrate and local councillor from Birmingham who complained that he had been defrauded out of £55k. Upon investigation, it transpired that he had answered an email where someone was trying to help him evade UK tax.
Unfortunately for him, he not only lost the money but he also got prosecuted by the (then) Inland Revenue for a criminal offence. He was also barred from being a magistrate, I don't know if he continued to be a councillor.
A bit off topic but I have also recently heard of a friend of a friend who thought he was being really clever by putting all his assets into his sister's name just before he became bankrupt in an attempt to avoid paying his creditors. Unfortunately for him his sister has refused to play ball and give him his assets back. He has lost around £2million. He can't take her to court as that would mean admitting a criminal act and he can't take "enforcement action" as she has some very heavy associates.
Oh dear, how sad, never mind!