Cruddas quits after donor access claims

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Aurora

Cruddas quits after donor access claims

Post by Aurora »

BBC News - 25/03/12

Conservative Party co-treasurer Peter Cruddas has resigned after secretly filmed footage showed him apparently offering access to the prime minister for a donation of £250,000 a year.

He made the claim to Sunday Times reporters posing as potential donors.

He said £250,000 gave "premier league" access, including dinner with David Cameron and possibly the chance to influence government policy.

Article continues ...
:roll: :evil: Cruddas by name, crud by nature.

Crud: Something loathsome, despicable, or worthless.
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biffvernon
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Post by biffvernon »

So who is he? This makes entertaining reading: http://en.wikipedia.org/wiki/Peter_Cruddas
After leaving Shoreditch Comprehensive with no qualifications, aged 15 he went to work as a telex operator for Western Union in the City of London. After being made redundant, he went to work in the foreign currency trading rooms of various banks, including the Bank of Iran and Marine Midland.[1]

By 1989, Cruddas was the head foreign exchange dealer at the City of London branch of the Jordanian-based Petra Bank.[6] He left the same year to set-up his own business, starting CMC Markets with £10,000 in the bank. Effectively a bookmaker for the City of London, it allows dealers to place margin calls on foriegn currency movements. CMC Markets is currently valued at between £750M and £1.2Bn.[2]

Never mind cash for access, people who commute daily from Monoco to London by plane should be prosecuted for ecocide.

Cruddas was resident in Monaco for a period until March 2009, commuting daily from an apartment on Avenue de Spélugues to London City Airport.[2] In interview in early 2011 he stated that he had: "A £10m apartment in Monaco, a £5m house in Hertfordshire, a house in Antibes, a yacht and a private jet.
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nexus
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Post by nexus »

As Cruddas so clearly says in that taped interview if you can supply £200-250,000 then you can have the ear of the PM or Chancellor, and possibly some input into policy.

I wonder if the Tory 'fundraisers' / fraudsters do any kind of BOGOF deals with Call me Dave and Gideon?
Power concedes nothing without a demand. It never did and it never will. Frederick Douglass
Aurora

Post by Aurora »

In interview in early 2011 he stated that he had: "A £10m apartment in Monaco, a £5m house in Hertfordshire, a house in Antibes, a yacht, a private jet
... a cuddly toy and no conscience whatsoever. :)
Aurora

Post by Aurora »

This news item also speaks volumes about Dave. :evil:

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Totally_Baffled
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Post by Totally_Baffled »

http://news.sky.com/home/uk-news/article/16195761

http://www.telegraph.co.uk/earth/hands- ... lands.html

oh dear not a good morning for Dave, corrupt treasurers another U turn coming up on Heathrow, and plans to concrete over the green belt between Birmingham and Coventry**...

(**apologies for telegraph link :))
TB

Peak oil? ahhh smeg..... :(
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biffvernon
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Post by biffvernon »

Let's be fair. Also from Wikipedia:
Cruddas has a stated aim to giveaway £100M, enabling children like those from his own background to succeed. To enable this set up the Peter Cruddas Foundation, which is chaired by the former Tory cabinet minister David Young, Baron Young of Graffham.[2] Cruddas is the largest individual donor to the Duke of Edinburgh Award International Association, a board member of the Prince's Trust,[7] and has donated to Great Ormond Street Hospital.[1]
Cruddas supported the Royal Opera House and The Royal Ballet, and after becoming a member of the Chairman’s Circle, in March 2012 was invited to become a Trustee and join the Board of the Royal Opera House.[2]
[edit]
What a nice man. There again, he may have saved himself a lot more than £100m by off-shoring his tax liability to Monaco and commuting to London. And once you've got a billion, what is there to do to win friends and influence people other than to set oneself up as a philanthropist. Oh it must be a tough life.
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biffvernon
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Post by biffvernon »

And what is http://www.cmcmarkets.co.uk/ all about? What is it's worth to humanity and the planet?
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Mr. Fox
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Post by Mr. Fox »

biffvernon wrote:And what is http://www.cmcmarkets.co.uk/ all about? What is it's worth to humanity and the planet?
Losses can exceed your initial deposit, so ensure you understand the risks.
:lol:
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Ludwig
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Post by Ludwig »

Aurora wrote:This news item also speaks volumes about Dave. :evil:
Exactly - but how many in the MSM are pointing this out?
"We're just waiting, looking skyward as the days go down / Someone promised there'd be answers if we stayed around."
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biffvernon
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Post by biffvernon »

I guess the BBC still counts as MSM: http://www.bbc.co.uk/news/uk-17506753
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biffvernon
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Post by biffvernon »

His company CMC Markets seems to be about dead centre in all that is wrong with the banking system.

http://en.wikipedia.org/wiki/CMC_Markets
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Post by Aurora »

It would seem that the Tories are about to replace the crud with a fink. :lol:

http://www.google.com/hostednews/ukpres ... 668857278A

Fink: one who is disapproved of or is held in contempt.
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biffvernon
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Post by biffvernon »

Stanley Fink is another hedge-fund millionaire :roll:
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Post by Aurora »

Want to meet Dave or Darcy? £250K and we touch hands John! :lol:

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