Barry Townsley: Difference between revisions
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'''Barry Stephen Townsley''' [[Order of the British Empire|CBE]] (born [[October 14]], [[1946]]) is a [[United Kingdom|British]] stockbroker and charity-worker. He is chairman of City stockbrokers Insinger Townsley. |
'''Barry Stephen Townsley''' [[Order of the British Empire|CBE]] (born [[October 14]], [[1946]]) is a [[United Kingdom|British]] stockbroker and charity-worker for such organizations as the [[NSPCC]]. He is chairman of City stockbrokers Insinger Townsley. |
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=="Cash for peerages"== |
=="Cash for peerages"== |
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Revision as of 18:04, 17 July 2006
Barry Stephen Townsley CBE (born October 14, 1946) is a British stockbroker and charity-worker for such organizations as the NSPCC. He is chairman of City stockbrokers Insinger Townsley.
"Cash for peerages"
Described as "colourful" by The Times, [1] Townsley was involved in the so-called "cash for peerages" scandal in March 2006, in which it was revealed he had lent £1m to the Labour Party [2] at the solicitation of Lord Levy, and contributed £1.5m to a City Academy. He was nominated for a peerage shortly after making the loan, but in February 2006 he withdrew from the nomination on the grounds of press intrusion into his private life.
Previous controversies
Townsley is also subject to an investigation by the Serious Fraud Office into the disappearance of £365m in an alleged fraud organized by Abraham Arad, a former adviser to the Israeli government, who claimed to be investing money from 2,000 Israeli pensioners living principally in South America. [3] In the 1980s, Townsley was found guilty of "gross misconduct," and banned from trading for six months for his part in the "Galloping Major" share-dealing fraud. [4]
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