A former City figure and his wife who allegedly received at least £23.9 million from London Capital & Finance have agreed a settlement with administrators of the collapsed minibonds business, it has emerged.
Simon and Helen Hume-Kendall were accused of using the money they received from London Capital & Finance, which the firm had raised by selling toxic minibonds to thousands of small investors, to finance a luxury lifestyle, including lifetime membership of Annabel’s, the private members’ club in London, and expensive travel.
Hume-Kendall, 70, who is a former director of Crystal Palace FC, also was alleged to have used some of the money he received to make donations to the Conservative Party.
They were among a number of individuals linked to London Capital &