Jump to content

 

BankFodder BankFodder


Sign in to follow this  
ukaviator

Bankrupt Ponzi scheme fraudster ordered to pay £1

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2566 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

A bankrupt stockbroker who defrauded £316m from people has been ordered to pay a nominal £1 fee.

 

Nicholas Levene, 48, was jailed for 13 years after he admitted a Ponzi scheme which brought millions into his bank accounts between April 2005 and September 2009. Levene, from Barnet, north London, took investors' money to buy shares on their behalf but spent it on luxury cars and yachts. His assets are being investigated. He filed for bankruptcy in October 2009.

 

'Nominal sum'

 

Levene admitted 12 counts of fraud, one count of false accounting and one of obtaining a money transfer by deception. The amount attributed to his false accounting was £32,352,027. But with his customers' lost profits, the amount reached a total of £101,685,406. At Southwark Crown Court Judge Martin Beddoe said: "It seems to me entirely pragmatic that his assets are seized by the trustee in bankruptcy.

 

"As there is nothing available, I direct that he should pay the nominal sum of £1 within seven days."

 

Levene, who was not in court, has admitted defrauding a series of business people including Sir Brian Souter and his sister Ann Gloag, the founders of the Stagecoach bus and rail group, and Richard Caring, owner of The Ivy and Le Caprice restaurants in London's West End. Investigators found evidence of round-the-world trips, yacht hire and top hotel stays in Australia, South Africa and Israel.

 

More: http://www.bbc.co.uk/news/uk-england-london-21927450


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...