Two of the men behind the £237 million London Capital & Finance investment fraud have been made bankrupt.
Spencer Golding and John Russell-Murphy were among five individuals that a High Court judge late last year found liable for hundreds of millions of pounds in damages after LCF was ruled to be a Ponzi scheme.
Notices show that a bankruptcy order was made against Golding last month, while an order was made against Russell-Murphy in December. The petitioner in the case of Golding was Addleshaw Goddard, a law firm, and it is related to unpaid legal fees owed by Golding. HM Revenue & Customs was the petitioner in Russell-Murphy’s bankruptcy. Neither man could be reached for comment and Addleshaw Goddard declined to comment.
HMRC said
