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View Full Version : Richard Rufus stole almost £9 million through 'Ponzi' fraud, judge rules - Telegraph.



FraudNews
11-05-2015, 02:15 PM
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Telegraph.co.uk (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFKOfbmjnp7Yiq4LgtNZBoL1x5YUw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778986289218&ei=pXI7VvHLINPK3gGI_qywCg&url=http://www.telegraph.co.uk/sport/football/teams/charlton-athletic/11977718/Richard-Rufus-stole-almost-9-million-through-Ponzi-fraud-judge-rules.html)


Richard Rufus stole almost £9 million through 'Ponzi' fraud, judge rules (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFKOfbmjnp7Yiq4LgtNZBoL1x5YUw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778986289218&ei=pXI7VvHLINPK3gGI_qywCg&url=http://www.telegraph.co.uk/sport/football/teams/charlton-athletic/11977718/Richard-Rufus-stole-almost-9-million-through-Ponzi-fraud-judge-rules.html)
Telegraph.co.uk
He outlined how Rufus misappropriated funds from new investors to pay returns to those who had previously put money into the scheme. Judge Jones added: “It is, in substance, a fraud and it is a fraud that has similarities with the well-known Ponzi ...

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