The Serious Fraud Office has accused North Shore financial adviser Evan Cherry of swindling family and friends in a fraud worth at least $5 million.

The receivers for failed lender Lombard Finance & Investments is likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to their latest report.

A former director of collapsed Five Star Consumer Finance has been sentenced to nine months' home detention and ordered to complete 100 hours' community work.