Jersey trust papers raise more questions for Maxwell brothers
04 Aug 2021

Kevin Maxwell, once Britain’s biggest bankrupt, has faced the threat of a second bankruptcy several times but avoided it, sometimes with last-minute agreements with creditors.

Newly discovered documents, seen by The Times, shed light on Kevin Maxwell and his brother Ian’s opaque finances and raise questions about the nature of some of their debts.

The papers are from La Hougue, a Jersey-based trust company, which media organisations around the world have accused of perpetrating a massive fraud from the British Crown Dependency involving the creation of fake loans and agreements used to dupe creditors, avoid tax and hide the theft of cash and other assets. There has been no finding against La Hougue.

Those named in a trove of millions of pages found in a squash court in a Jersey manor house include the British property tycoon Elliott Bernerd; the Israeli art dealer Ronald Fuhrer, the former owner of a missing Sandro Botticelli masterpiece; and the late Eddie Wedelstedt, a pornographer convicted of tax fraud and obscenity charges in 2006.

By James Hurley, The Times, 3 August 2021

Read more at The Times

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