A businessman accused of being the “architect” of the demise of Fortress Capital Partners, an alleged Ponzi scheme, has been linked to an insolvency proposal to take control of the business.
Fortress, whose investors included celebrities and members of a south London church, promoted returns of up to 18 per cent a year before collapsing into administration in September 2023.
The unregulated investment scheme’s borrowers included Kevin Maxwell, son of the late media baron Robert Maxwell.
Its failure triggered an investigation by the Metropolitan Police, divided creditors and led to an extraordinary dispute between administrators at Begbies Traynor and the Fortress creditors’ committee. Begbies has claimed Fortress has “all the…
