News from Labour Matters

Lib Dem donor on trial for fraud

The Police Oracle reports that:
“A bogus bond dealer swindled an investor while donating millions to the Liberal Democrats to give the appearance of being an “important and well-connected man”, a court heard today.

Michael Brown, who made a record £2.4m donation to the Liberal Democrats, is being tried in his absence for nine offences, including three of theft of $11,348,003 (£7m) from Charles Martin Edwards.

Martin Edmund QC, prosecuting, said Brown induced Edwards initially to transfer $10m into an account on the premise that it was to fund trading in high value bonds on international markets. To reassure Edwards, the defendant handed over an official looking HSBC-headed document apparently restricting what happened to the cash, the jury at London’s Southwark crown court heard.”
Read the full article.

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