this post was submitted on 04 Aug 2023
143 points (99.3% liked)

World News

32294 readers
1108 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
Rumblestiltskin@lemmy.ml
AgreeableLandscape@lemmy.ml
jackmarxist@lemmy.ml
zephyreks@lemmy.ml
OurToothbrush@lemmy.ml
143
Man bought private jet with borrowed council money (www.bbc.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/worldnews@lemmy.ml
19 comments fedilink hide all child comments
 

Leaked documents show businessman went on a spending spree and left a council effectively bankrupt.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] Zippy@lemmy.world 1 points 1 year ago (1 children)

What makes you think there was fraud? Lots of these solar farms are not viable and losing money. Counsil for swindled into thinking it was a sure thing and invested in it. Sounds to me more likely the people in Council were not very business savvy but instead invested based on feel good.

[โ€“] InvertedParallax@lemm.ee 1 points 1 year ago

Dude is the one who represented them at the higher value for the bonds. That's the definition of fraud.