Our new evidence suggests Sugru and Crowdcube knew more than they told investors.
We can reveal, exclusively, that Sugru hired a Finance Director who had moved from a previous role where a £350k fraud had taken place under his watch. Even though this information was in the public domain, Crowdcube failed to notify their investors who have now lost the £5.5m they invested in Sugru.
Information we have, shows that the accountant, an accredited Financial Director with the FD Centre, was in the FD role at Idio Ltd when Natalie Saul, an accountant, stole £350,000 off the company in broad daylight. Following this, he moved from Idio in 2016 - the theft took place between 2015 and 2016. Natalie Saul used over 400 fake invoices and the crime was only...
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Tuesday May 29, 2018
Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.