The former chairman of Spalding United football club was today found guilty of nine fraud charges relating to his role in a Ponzi-type scheme which was based in the town.
The court heard many investors were left out of pocket after £3.9 million was poured into the spread betting scheme, named the Lottery Syndicate Club. During the trial, prosecution barrister Julian Jones, likened the Lottery Syndicate Club to a Ponzi or Pyramid scheme where investors were paid out from new members joining the syndicate.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut: