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

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[-] Zippy@lemmy.world 1 points 2 years ago

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.

[-] InvertedParallax@lemm.ee 1 points 2 years ago

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

this post was submitted on 04 Aug 2023
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