Scott McTominay of Manchester United is reportedly facing losing 1 million pounds as police probe fiancee and her father’s failed firm.
What happened?
Police are currently investigating one alleged investment fraud that left Man United player Scott McTominay facing significant financial losses.
The Manchester United midfielder is said to have invested in a company that later went bankrupt, managed by girlfriend Cameron Reading, and his father Ashley.
The company in question, Fortress Capital Partners, went bankrupt in September 2023, resulting in the layoffs of more than 230 people and debts totaling £18 million.
The company was found to have borrowed money from various investors, including the star singer of Boyzone, Shane Lynch, and Mario Falcone from The Only Way is Essex.
Presently, the Metropolitan Police is reportedly conducting an investigation based on the current allegations of fraud, which began after a referral from Fraud Action on November 10, 2023. According to reports, there were no arrests so far, but the investigations were still ongoing.
The 27-year-old Scott McTominay had reportedly loaned Fortress £1 million to buy a property in Portugal.
However, it now risks only recovering part of the amount invested, with executives reportedly saying investors are expected only to be able to receive just 10 percent of every £1 they put in.
The prosecution has prompted outrage among investors, many of whom have lost life savings or even their homes.
Cameron Reading’s social media pictures showcasing a luxurious lifestyle have further provoked those who have suffered financial losses, which is why the Scott McTominay lovely partner would be forced to sell properties in Dubai and Spain to settle the debts.
McTominay’s 24-year-old fiancee Cameron, was the company’s investor relations head. She is being watched for about £1.5 million of loans by administrators.
According to administrators, Fortress refunded specific debts using funds from investors who believed they were investing in the company for future investments rather than (cover) past losses.
Begbies Traynor administrators claimed that the transaction resulted in an overall loss of about £3.1 million, all of it funded either directly or indirectly by the company’s investors.
One investor told reporters that Cameron is “on social media showing off a lifestyle that is upsetting to those who are losing their homes, life savings and retirement funds… and suicidal”.
Ashley Reading said he was assisting administrators to achieve the best possible outcome for all creditors. And claimed he was not aware of a police probe.
When Cameron Reading was approached for a statement in November 2023, she said Scott McTominay had no involvement with Fortress.
