Men held in Crown Currency Exchange inquiry on bail

Halfhidden

Untouchable
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Two former directors of the collapsed foreign exchange company Crown Currency Exchange who were arrested have been released on bail, police say.
The men, aged 68 and 70, were released on police bail until July 2011.
They are understood to be Peter Benstead and Edward James, who is a Conservative councillor and former mayor of Glastonbury.
The exchange firm, based in Hayle in Cornwall, collapsed in October owing customers more than £16m.
Crown Currency Exchange, which was established six years ago, allowed individuals and business customers to pre-order foreign exchange at a set price up to a year in advance.
It provided money in 80 different currencies, as well as travellers' cheques and money transfers, sometimes for people to buy property.
The police inquiry centres on the actions of the directors of Crown Currency Exchange and Crown Holdings (CCE).
Article BBC
 

46traveller

Member
Only after the last tree has been cut down,
only after the last river has been poisoned,
only after the last fish has been caught,
only then will you realize that money cannot be eaten. --The Cree People
 

tabtab13

Active Member
Too true, 46t, too true. The world's obsession with money and more money has become obscene. We have forgotten the basics of who we are. We are unhappy so we buy something, we have a problem so we chuck money at it. 'Money is the root of all evil', 'Money can't buy happiness' - we'd do better to remember this.
 
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