Financial scam victims in Britain
11.01.2010 World
Morethanthegames website writes that up to two dozen of Britain‘s leading athletics hopefuls for the 2012 London Olympics, fear that they‘ve been victims of a financial scam run by a convicted fraudster who has been described by a sentencing judge as ‚an incorrigible con man‘.
National press agency Sportsbeat understands from the Metropolitan Police that an investigation is underway into the activities of Global Sponsorship Group, and its chief executive, Mark Cas, after the company took tens of thousands of pounds in management fees from athletes and charitable businesses, but could not deliver the income promised. Cas set up Global Sponsorship Group and three associated companies in July last year, and was soon claiming that he had secured ?35 million in corporate sponsorships, which he planned to use to pay salaries to top sportsmen and women in return for their commercial image rights. Names mentioned in this connection are for example hurdler Andy Turner and sprinter Mark Lewis-Francis.
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