Nick Levene sentenced for £32 million Ponzi Fraud

City trader Nick Levene pleaded guilty to a £32 million Ponzi scheme. Among his victims were leading business figures including Richard Caring, the owner of The Ivy and Le Caprice; Sir Brian Souter and his sister Ann Gloag, the founders of the Stagecoach bus and rail group; and Ray O’Rourke, founder of construction firm Laing O’Rourke.

Trevor Burke QC and Luke Ponte for Mr Levene.

Click here to read the article from the BBC.

6th November 2012