Scams and fraud

SPURS were rocked last night after director of football Fabio Paratici was handed a two-and-a-half YEAR ban from the game by an Italian court.Paratici was found guilty of orchestrating a transfer scam over three seasons at Juventus.
Spurs chief Fabio Paratici has been handed a two-and-a-half year ban from footballCredit: Reuters
Massimiliano Allegri’s Juventus have also been hit with a 15-point penaltyCredit: Alamy
And the Italian giants had the heart ripped out of their season as they were given a huge 15-point penalty for the plot.
The shock finding means the FA is now likely to be asked to implement the suspension by its Italian counterparts, leaving Spurs in the lurch and chairman Daniel Levy searching to plug a huge hole at the top of the club.
SunSport understands Wembley chiefs are unclear if the sanction is one that they must automatically apply or await direction from Fifa.
But normally associations accept the disciplinary decisions of fellow governing bodies and while it is expected Paratici will appeal the verdict – of the Federal Appeals Court – his future at Tottenham appears bleak.
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Juventus were accused of inflating transfer fees in dealings with other Italian clubs over three seasons to create millions of pounds in “capital gains” for tax purposes.
It was stated that Juve had manipulated the system to free up their spending powers in the market.
Juve and eight clubs, including Sampdoria, Genoa and Parma, were initially acquitted in May.
But that verdict was appealed to the Federal Appeals Court and Italian FA prosecutors asked the case to be reheard and for serious sanctions at yesterday’s hearing.
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Prosecuting lawyer Giuseppe Chine had only asked for an immediate nine-point penalty.
Instead, the “Old Lady” were mugged for 15 points, dropping them from third in the Serie A table down to 11th and 12 points adrift of the fourth and final Champions League spot, now taken by Lazio.
Chine, acting on behalf of the FA, also demanded lengthy bans for Paratici and axed Juve board chiefs Andrea Agnelli and Pavel Nedved among others and fines totalling £1m for the clubs involved in the scheme.
Juventus lawyer Maurizio Bellacosa argued the appeal was “inadmissible”, pointing to the legal principle that “nobody can be prosecuted or criminally convicted of an offence for which they have already been acquitted”.
But that position was dismissed by the Court, even though it ruled that sanctions should only apply to Juventus and its officials and none of the other clubs.
Paratici, 50, who joined Spurs 18 months ago to take charge of recruitment in N17, was handed the heaviest punishment.
Agnelli, who formally stood down as Juve President this week, and chief executive Maurizio Arrivabene – who was formerly Principal of the Ferrari F1 team – were both given two-year bans.
Nedved, who also left the club this week, is suspended from football for eight months, along with a number of club officials.
The findings are also likely to have more serious implications for Juventus with Uefa poised to open an investigation into the financial dealings which are likely to lead to a lengthy European ban, More

A FORMER Premier League footballer has been jailed for scamming friends and family out of £15million to maintain his lavish lifestyle.Richard Rufus pretended to be a successful foreign exchange trader to convince his trusting victims to invest.
Richard Rufus has been convicted of fraudCredit: Central News
But the ex-Charlton star, 47, lost the cash “hand over fist”.
He used £7million of the total £15million to pay back investors in a pyramid scheme, while around £2million was used for his own purposes.
This meant Rufus was able to “maintain a lifestyle of a footballer” long after he was forced to retire in 2004.
The centre-back enjoyed the “trappings of wealth” and drove a flash Bentley and wore a Rolex.
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Rufus has now been jailed for seven-and-a-half years after being convicted of three counts of fraud and two counts of money laundering related offences.
He will have to serve half of his sentence before being released on licence.
Sentencing today, Judge Dafna Spiro told him: “The victims of this fraud are haunted by your actions.
“The people who invested did so in good faith, they believed your spiel because they thought you were the real deal.
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“You were robbing Peter to pay Paul.
“You were living a lie at the expense of others.”
Southwark Crown Court heard how Rufus lived in a five-bedroom home on a private estate in leafy Purley, South London.
As a result, he spent nearly £700,000 over five years on mortgages and loans.
The ex-footballer also splurged £200,000 on motoring costs – including £70,000 to Mercedes Benz Finance, a further £45,000 to the car company and over £46,000 to Land Rover,
He transferred £222,468.11 to his wife, Simone Rufus and £158,513.86 to a joint account he held with her.
The only legitimate income Rufus received was £850-a-month rent he earned on a property in Surrey.
Lucy Organ, prosecuting, said: “He scammed friends, family and associates out of millions of pounds by pretending he was able to offer a low-risk investment in the foreign exchange market.
“He claimed he had significant success with his strategy in the past.
“Mr Rufus took over £15million in total. He traded some of it, as I have said, losing vast amounts, but that wasn’t the end of the fraud.
“Of that money, about £2million he never even transferred to foreign exchange trading accounts. He used this money partly to prop up the losses that his scams were making.
“Making payments back to other investors to continue the pretence that they were making a good investment, a so-called ‘pyramid scheme’ and partly simply for his own benefit, treating the money he received from investors as his own.”
Rufus duped investors by claiming he could return their original capital within 14 days of them asking.
One victim paid between £8,500 and £12,500 and was told he could make potential profits of £425 a month.
He only realised his money had been lost when Rufus’ home was re-possessed while he was fitting a new carpet there.
The victim said: “I got very numb. I was still hoping, more than believing, that there was a slim chance what he was telling me was true.
“I was always in limbo as to what was happening next. He always insisted the money would be available but I never received any money.”
Even when his accounts were frozen by the the Financial Services Agency in 2011, Rufus continued the alleged scam by taking more money from investors.
He used the cash he received for his own gain and to pay fake profits to his investors.
Rufus earned six England Under-21 caps during his career.
The centre-back played solely for Charlton and made 288 appearances after his debut in 1994 aged 19.
His first-ever senior goal came in the Addicks’ historic win over Sunderland in 1998 in the play-off final at Wembley.
Rufus’ goal forced the game into extra time – with Charlton’s win on penalties securing them promotion to the Premier League.
He retired through injury in 2004 and was later inducted into the club hall of fame at The Valley.
Roger Makanjuola of the CPS said: “Rufus acted in a selfish manner without any concern for his victims.
“He took advantage of his status as a professional athlete, a respected church member and he used the goodwill of his family and friends to scam them and associates out of millions of pounds by falsely claiming he was able to offer a low-risk investment in the Foreign Exchange Market.
“He claimed that he had been successful with his investment strategies previously, but the investments were fraught with risk and he lost his victims’ much needed money to the amount of £15million.
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“While making these huge losses he put approximately £2million into his personal accounts, allegedly for the purposes of investment but this was never transferred over to his trading account.
“We now commence confiscation proceedings to seek to recover his ill-gotten gains”
Rufus played for Charlton Athletic More

A FORMER Premier League footballer scammed friends and family out of £15million to maintain his lavish lifestyle, a court heard.Richard Rufus is accused of pretending to be a successful foreign exchange trader to convince his alleged victims to invest.
Richard Rufus is accused of scamming his family and friendsCredit: Central News
But the ex-Charlton star, 47, lost the cash “hand over fist”, Southwark Crown Court heard.
It is alleged he used £7million of the total £15million to pay back investors in a pyramid scheme, while around £2million was used for his own purposes.
Jurors were told this meant Rufus was able to “maintain a lifestyle of a footballer” long after he was forced to retire in 2004.
The centre-back enjoyed the “trappings of wealth” and drove a flash Bentley and wore a Rolex, it was said.
Read more on fraud
Rufus also lived in a five-bedroom home on a private estate in leafy Purley, South London.
The court was told he spent nearly £700,000 over five years on mortgages and loans.
The ex-footballer also allegedly splurged £200,000 on motorising costs – including £70,000 to Mercedes Benz Finance, a further £45,000 to the car company and over £46,000 to Land Rover,
He transferred £222,468.11 to his wife, Simone Rufus and £158,513.86 to a joint account he held with her, it was said.
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Jurors heard the only legitimate income Rufus received was £850-a-month rent he earned on a property in Surrey.
Lucy Organ, prosecuting, said: “He scammed friends, family and associates out of millions of pounds by pretending he was able to offer a low-risk investment in the foreign exchange market.
“He claimed he had significant success with his strategy in the past.
“Mr Rufus took over £15million in total. He traded some of it, as I have said, losing vast amounts, but that wasn’t the end of the fraud.
“Of that money, about £2million he never even transferred to foreign exchange trading accounts. He used this money partly to prop up the losses that his scams were making.
“Making payments back to other investors to continue the pretence that they were making a good investment, a so-called ‘pyramid scheme’ and partly simply for his own benefit, treating the money he received from investors as his own.”
The court was told Rufus duped investors by claiming he could return their original capital within 14 days of them asking.
Even when his accounts were frozen by the the Financial Services Agency in 2011, Rufus continued the alleged scam by taking more money from investors.
Ms Organ said: “That money too was never invested and never went near a trading account. He used this money to either further the fraud by paying investor’s fake profits or simply as his own money.
“Whilst paying investors fake profits, paying back so called capital, he simply paid his own bills with that money.”
Rufus earned six England Under-21 caps during his career.
The centre-back played solely for Charlton and made 288 appearances after his debut in 1994 aged 19.
His first-ever senior goal came in the Addicks’ historic win over Sunderland in 1998 in the play-off final at Wembley.
Rufus’ banger forced the game into extra time – with Charlton’s win on penalties securing them promotion to the Premier League.
He retired through injury in 2004 and was later inducted into the club hall of fame at The Valley.
Rufus denies three counts of fraud by false representation, one count of possessing criminal property and one count of carrying out a regulated activity when not authorised.
The trial continues.
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Rufus played for Charlton Athletic More