British financier John Hirst, who was based in Mallorca for a time, appeared in court in Bradford on Wednesday, facing one charge of conspiracy to defraud and two charges of money laundering.
British financier John Hirst, who was based in Mallorca for a time, appeared in court in Bradford on Wednesday, facing one charge of conspiracy to defraud and two charges of money laundering.
He is accused by the Serious Fraud Office of operating a 10 million pound Ponzi scheme, and of attracting more than 100 people by offers of annual returns of as much as 20%. Although part of the Mallorca social scene, Hirst based his companies in Panama and the Seychelles.
Losses of some 6 million pound are estimated after some 10 million was raised by investors.
Hirst returned to the UK because of ill health in 2009.
After his appearance on Wednesday he was granted bail and saw a series of conditions and his passport removed.
He will appear again in Bradford Crown Court on April 13.
0 comments:
Post a Comment