Name Russell King | Role Fraudster | |
 | ||
Born April 11, 1959 (age 64) Criminal charge 25 counts of fraud and larceny Capture status Released from custody Wanted since 2008 Time at large Ten years Imprisoned at Jersey Nationality British Similar Steven Kunes, Fred Malek, Rose Marks | ||
The trillion dollar con man russell king documentary english part 1
Russell King (born 11 April 1959) is a convicted fraudster. He headed negotiations and acted as consultant for the doomed purchase of Notts County Football Club by Munto Finance, a subsidiary of Qadbak Investments.
Contents
- The trillion dollar con man russell king documentary english part 1
- Background
- Insurance fraud
- Notts County FC purchase
- North Korea
- Sauber
- Current status
- List of organizations associated with King
- References
Background
King is 58–59 years old. and is a former resident of Jersey.
Insurance fraud
In 1991, King was sentenced to two years in prison for insurance fraud after trying to claim £600,000 for his Aston Martin after claiming it had been stolen. It was discovered that he had hidden it in his garage.
Notts County F.C. purchase
King acted as head negotiator and consultant for the purchase of Notts County Football Club to Munto Finance, a subsidiary of Qadbak Investments, making the false claim that he was a manager of billions of US dollars of the Bahraini royal family's money.
Although claiming to have had no legal involvement in the scheme, King was able to negotiate the sale of the football club for 1 pound. He also recruited former England football manager Sven-Göran Eriksson to join promising him a large sum if he also worked for Swiss Commodity Holding (SCH). King claimed the mining company had raw material assets worth $1.97 trillion (£1.27 trillion). He used the nickname of L. Voldemort, after the Harry Potter character Lord Voldemort, and then he told many times that he couldn't be involved because his name, Russell King, didn't appear in any documents.
The club was sold five months after the purchase with debts of £7 million.
North Korea
King, representing Swiss Commodity Holding (SCH), visited North Korean Chairman Kim Yong-nam of the Supreme People's Assembly in Pyongyang. Sven-Göran Eriksson joined King on the trip. The purpose of the visit was to persuade the government to hand over gold mining rights in exchange for billions of US dollars allegedly from Bahraini investors.
Sauber
Sauber, seeking a new investor encountered Qadbak Investments. The deal collapsed as it was revealed that King was behind the company.
Current status
Jersey-based company Close Finance is seeking repayment of £2m loans. This has resulted in a freeze of his assets up to that amount.King is currently being sought by the British police, the Serious Fraud Office, the Financial Services Authority, and Nottinghamshire Police
Although denying any fraud, King remains a fugitive. He is currently living in Bahrain but is barred by Bahraini officials from leaving the country.
List of organizations associated with King
This is a list of organizations that were allegedly either victim of, or controlled by, King.