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  1. Wealth
November 6, 2012

FT: Ponzi schemer Nicolas Levene finally tells the truth

By Spear's

Nicholas Levene is apologetic. He was, he admits, “economical with the truth” last time he did an interview with this newspaper

Nicholas Levene is apologetic. He was, he admits, “economical with the truth” last time he did an interview with this newspaper.

Sitting in a sleepy Hampstead café the evening before he was jailed for 13 years, the 48-year-old was eager to tell how he went from high-flying City trader to the recently self-confessed fraudster behind a £32m Ponzi scheme.

“I think the City is as much to blame for what happened as I am,” he said in his last interview before being placed behind bars. “Actually, that’s not right. I am completely to blame for my situation, but the City taught me a lot of my bad habits.”

Read the full story at ft.com

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