A reminder of some detail that I saw elsewhere and have C&P'd to post here..............
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CW – Whyte, GW – Withey, DG – Grier, DW – Whitehouse, PC – Paul Clark, CG – Green, IA AhmadSubstance of the charges:1. CW, GW, DG, DW, PC conspired to obtain funds by fraud from Jerome, Merchant and Ticketus to fund the fraudulent purchase of the club (offence was aggravated)• CW & GW obtained £2,825,000 by fraud from the trustees of the Jerome Pension Fund• CW & GW obtained £1,000,00 by fraud from Merchant Turnaround PLC• CW, GW & DG made false representations to Rangers Independent committee about the funding of the purchase• CW & GW obtained £24,337,094 by fraud from Ticketus• CW & GW made false representations to the Takeover panel re the funding• CW failed to disclose a disqualification as a director• CW & GW made false representation to the PLUS stock exchange re CW’s disqualification• CW, GW & DG made false representations to Murray Holdings Ltd re funding of the purchase and the future funding of the club including the wee tax case (£2,800,000) and an H&S liability (£1,700,000)2. CW & GW contravened the proceeds of crime act using the £28,262,094 obtained by fraud when purchasing the club3. DG, DW & PC failed to report suspicions of Money Laundering by CW & GW using “Financial Assistance” to purchase the club, contrary to the proceeds of crime act4. CW, GW, DG, DW, PC did conspire together to act as in Charge 15. CW & GW breached the Companies Act by using the clubs own money to fund the acquisition (Financial Assistance”6. CW & GW committed fraud by failing to disclose CW’s disqualification to the SFA7. CW & DG committed fraud by falsely submitting invoices for £253,800 to Rangers which should have been submitted to Liberty Capital.8. CW & DG committed fraud by falsely submitting invoices for £409,320 to Rangers which should have been submitted to Liberty Capital.9. CW & DG committed fraud by falsely submitting invoices for £66,120 to Rangers which should have been submitted to Liberty Capital.10. CW, GW, DG, DW & PC conspired to defraud creditors, including non-payment of taxes and while they ran the club in order to facilitate CW in buying back the club debt free, which was in breach of the Companies Act11. DW & PC perverted the course of justice when stating to Lord Hodge that they were unaware of the Ticketus arrangements12. CW, GW, DW, PC, CG & IA conspired to defraud creditors by purchasing the club’s business and assets significantly below market value.• CW, DW & PC sought to put the club in administration• Caused the court to appoint DW & PC as administrators• DW & PC falsely pretended to act in the interests of all creditors• CG falsely presented himself as an independent purchaser• DW & PC pretended that the purpose of administration was to get the best return for creditors• CW acquired Sevco 5088 of which CG was appointed director• CG received £25,000 from CW to pay legal fees related to Sevco 5088• CG paid the legal fees with the £25,000• IA paid the administrators DW & PC £200,000 as an exclusivity fee• DW & PC granted Sevco 5088 exclusivity to the exclusion of other prospective purchasers• CW paid £137,000 into IA’s mother’s account as part payment of the exclusivity fee• DW & PC completed a sale and purchase agreement with CG on behalf of both Sevco 5088 and Sevco Scotland for a price of £5,500,000, significantly below market value.• DW & PC falsely advised creditors that SPL prize money was reflected in the consideration paid for the assets, but the sale and purchase agreement reflected a “nil” consideration• Permitted the transfer of £291,823.10 from Rangers Youth Development to help fund the purchase of assets13. CW, GW, DW, PC, CG & IA participated in a conspiracy to purchase the business and assets of the club depriving creditors of the rightful sums due to them and the material benefit going to themselves14. CW and IA defrauded investors in Sevco 5088 and RIFC, acquiring money and shares by fraud and to increase the value of their shares in RIFC• CW pretended he had no interest in Sevco 5088• Induced investors to put £5,500,000 into Sevco 5088• CG caused the change of exclusivity from Sevco 5088 to Sevco Scotland without proper approval• CG did appropriate the £5,500,000 invested in Sevco 5088 by fraud without the investors knowledge or agreement• CG & IA allotted themselves 2,000,000 shares• CG & IA changed the name of Sevco Scotland to The Rangers Football Club• CG & IA appointed Cenkos as a nomad but failed to advise them of the source of funding through Sevco 5088• CG & IA thereby raised £21,000,000 in the IPO by fraud15. CW failed to provide police with mobile phone and laptop passwords, when requested, in breach of the Regulation of Investigatory Powers Act by police contrary to the Regulation of Investigatory Powers Act
