Operator of £8.5m Trading Scheme Given 12 Year Bankruptcy Restriction

[kreslik.news]

Following an investigation by the Insolvency Service, Stuart Carl Mudge has received a 12 year bankruptcy restriction for his involvement in operating a failed spread betting scheme dubbed “Churchgate Trading Syndicate” in 2012.

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The investigation into Mr Mudge’s conduct commenced on the making of the bankruptcy order following a petition presented by the UK’s FCA.

The investigation uncovered that between June 2009 and February 2012, Mr Mudge solicited £8.5 million from investors for his unauthorised investment scheme. The complaint also charged Mudge with making several ... (read more)