City trader being investigated for fraud calls in publicist Max Clifford

The city trader who allegedly lost millions of pounds of client money has hired Max Clifford, the Mail on Sunday has reported.

Max Clifford: taken on by city trader
Max Clifford: taken on by city trader

The Serious Fraud Office has launched a formal criminal investigation into the activities of ‘Beano', 45-year old financier Nicholas Levene. There had been suggestion in the media that Levene had gone on the run.

But he gave an interview to the Mail on Sunday this week, masterminded by Clifford, in which he blamed the losses on a gambling addiction. He was apparently found at a Priory clinic undergoing treatment for an addiction to spread betting.

He claimed that much of what had been written about him was not true.

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