Today, three men appeared at City of London Magistrates Court charged with conspiracy to defraud investors in an alleged investment fraud related to electrical contracts in the hotel sector. The defendants are: Jolan Marc Saunders (age 36) of Buckhurst Hill Michael Dean Strubel (age 51) of London Spencer Mitchell Steinberg (43) of Radlett They attended Hatfield police station on 5 March 2013 answering police bail in connection with Saunders Electrical Wholesalers Limited, London and making false representations that the company had high value contracts with blue chip hotel chains (and latterly the Athletes Village) that required investment funding attracting good rates of interest.
The Director of the Serious Fraud Office (SFO) has taken action in the High Court, which has resulted in an Order that the Estate of a convicted fraudster surrender over £64,000 which represents the proceeds of his crimes.
Today, two men appeared before Leeds Magistrates' Court in response to a summons in connection with forgery and misleading statements made to the market by JJB Sports Plc in 2009. Sir David Charles Jones (70) of Ilkley, West Yorkshire was the Executive Chairman of JJB Sports Plc between January 2009 and January 2010.