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Showing posts from February, 2018

Crown Office prosecutors DROP case of £400m collapsed hedge fund boss Gregory King ... The lawyer and three other men were reported to prosecutors after a fraud probe into Heather Capital ... But £28.4m claim against suspended sheriff Peter Watson and some past and present Levy & McRae partners continues

CROWN prosecutors will take no action against four men following a fraud probe into a collapsed £400 million finance firm. Lawyer Gregory King, 49, and three others were reported to the Crown by detectives who investigated his hedge fund Heather Capital which was based in the Isle of Man. Heather, launched by King in 2005, attracted investors from around the world and loaned money to fund property deals. Following its 2010 collapse, Heather’s liquidator Paul Duffy claimed that around £90million was unaccounted for and a police fraud probe resulted in the four men being reported to the Crown Office in April 2013. An Isle of Man court judgement likened Heather to a ‘Ponzi’ scheme, made famous by US financier Bernie Madoff who was jailed for 150 years in 2009. The other three reported by police were lawyer Andrew Sobolewski, of Bridge of Weir, Renfrewshire, Andrew Millar, of ­Cambuslang, near Glasgow, and Scott ­Carmichael, of Thorntonhall, near Glasgow. Last year...

Forgotten Suffragettes: 100 years ago today, some British women finally got the right to vote ... It's now time to properly recognise the bravery of Glasgow's McPhun sisters and many other brave women who battled for universal suffrage

AS well-educated young ladies from a wealthy Glasgow family, the McPhun sisters could have chosen to enjoy a genteel life of privilege and leisure. Instead, Margaret and Frances McPhun were on the streets of London leading the fight for votes for women. A century ago they were key figures in the suffragette movement which saw them thrown behind bars and force-fed in prison. In 1912, the brave sisters were jailed in Holloway prison for a mass window-smashing campaign in London. It wasn’t until February 6, 1917 - 100 years ago today - that some woman were finally afforded the right to vote. Yet descendants and campaigners say that the McPhun sisters and nine other Scottish women jailed in 1912 have been largely forgotten. Karen Keys, 42, whose great-grandmother Nessie was the McPhuns’ younger sister and also a suffragette, backs growing calls for the Government to issue a posthumous apology. Mum-of-four Karen, a nurse from the isle of Kerrera, Argyll, said: “...