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Stuart Mudge was hit with restrictions during a hearing at Cardiff County Court
A Newport man who ran a failed £8.5m spread-betting scheme has been hit with lengthy bankruptcy restrictions.
Stuart Mudge, 61, took money from investors from 2009-12, but later admitted breaking the law by operating without Financial Conduct Authority (FCA) authorisation.
He failed to pay £7m to the FCA and was declared bankrupt in 2014.
Mr Mudge will now face “severe financial restrictions” for 12 years, the Insolvency …
Read the full article at: http://www.bbc.com/news/uk-wales-39658556
