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Man bought private jet with borrowed council money
(www.bbc.com)
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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.
Dude is the one who represented them at the higher value for the bonds. That's the definition of fraud.