Controversy14 Oct 2023 13:54
Tom Winnifrith was expelled from the Liberal Democrat Party by Paddy Ashdown in 1993 for allegedly "pandering to racism". He was subject to an investigation by Metropolitan Police Service at the request of the Attorney General at the time, Sir Nicholas Lyell, and then Shadow Cabinet Minister Jack Straw.
In September 2017, Winnifrith authored an article that claimed that the FCA would not be shutting down Beaufort Securities.[10] In March 2018, Beaufort Securities was shut down, declared insolvent, and charged with fraud, following a joint FCA, FBI, SEC and DOJ investigation.[11][12][13][14][15]
His time as CEO of Rivington Street Holdings (RSH) has also come under criticism, including accusations of multiple compliance failures while running a regulated company and acting "ultra vires", attempting to sell an FSA regulated entity without the approval of the RSH board [16]
What was the police investigating??