deception and 12 counts of corruption. HEAR the one about the businessman who blew £7 million of other people's money on the gee-gees after telling clients that he would invest it in offshore trusts offering a high rate of return? Gives a whole new meaning to the term 'mug punter' Nick Young, a former executive director of Kenneth Leventhal (CKL), a multinational association of accountancy firms, reckoned he had developed an infallible system to beat the bookies. He was wrong.
After doing time for forgery and deception, Young is now a free man again. But while he has paid his debt to society, he has not paid his debt to his astute 'investors', and many are demanding their money back with interest.
Since Young used CKL's address and stationery to work the scam, around 60 of them are pursuing the company, on the grounds that it should have been aware of his activities.
Herein lies an irony. The person with supervisory responsibility is CKL's chair, one Mr Brian Worth. Worth is a former head of the investigations committee at the Institute of Chartered Accountdisciplinary committee is they say accountancy is borUnfair shares staged a bogus share issue, dreds of thousands of pounds going under, Inner London Crown Court heard last Friday.
Kenneth Renton, of Virginia to 14 charges of theft and four by deception, involving around charges of theft and deception, concerning a further £1m, were denied and not proand managing director of sales pitch was that actor Sean Nevertheless, it ran into financial difficulties, leading the company's overdraft.
Unable to pay up, Renton used his non-executive directorship of Leeds-based Mount Charlotte hotels group to perAND PREM SOCIALIST OUTLOOK No. 51, October 30 1993, Page 15 The Saturday 27 demonstration against deportations on marks a big advance for the right of UNISON member Prakask and her son
That's my boys! Horsing around