Premiership footballer files for bankruptcy following property fraud scam

Premiership footballer files for bankruptcy following property fraud scam




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A Blackpool FC striker has been forced into filing for bankruptcy having been caught up in a property fraud scam.

Jason Euell – the 33 year-old former Jamaican International – discovered that his signature had been forged on documents relating to a failed property business that he had invested in, along with several other irregularities.
Speaking to the Sun, Mr Euell said: “Six years ago I invested in a property company with a friend of mine, which - due to a number of factors in the last year - has failed.
“I recently noticed some financial discrepancies and discovered that my signature had been forged on documents. I have now put a legal team in place to investigate this. I have also taken professional advice as a result of which I have filed for bankruptcy.”
The former Wimbledon and Charlton Athletic footballer earns around £7,500 a week from his current contract with Blackpool and, according to the Daily Mail, has netted approximately £6 million during his 16 year playing career.
His case was listed at Kingston-Upon-Thames County Court last Monday. According to the details of the bankruptcy from the Court, the order will be automatically discharged after 12 months.
However, Vance Parsons - regional advisor at EuroDebt - said: "Changes to the Bankruptcy Rules recently published by the Insolvency Service means that the Official Receiver as trustee of the bankruptcy estate may apply to court for an Income Payments Order, which requires the client to make contributions towards their bankruptcy debts from their income, so it’s a big assumption that the order will be automatically discharged after 12 months."
 
By Frank Burbage
 

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