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EXCLUSIVE: Julie Meyer shocker – does she want the good news or the very bad news

By Tom Winnifrith | Tuesday 11 June 2019


As you may recall, the 30th firm of lawyers to act for Julie “Lingerie on Expenses” Meyer, the ;previous 29 having gone unpaid, is trying to stop me writing about her by sending me a fascist lawyers letter. But I am afraid that before I respond to that, I have breaking news which is very much in the public interest to reveal. For Julie the news is in part good and in part terrible.

As you may remember the administrator to Julie’s flagship company Ariadne Capital Group, a scam whiuch went bust owing millions, Mr Andrew Duncan, was damning about her behaviour and so sent a report to the Insolvency Service asking to have her banned as a director.

So here is the good news for Julie, the Insolvency Service has dropped its investigation and will not be striking her off. But the reason is not that it does not think that she has been a very naughty girl indeed. It makes no judgement on that.  Instead it has confirmed:

I would advise that the Insolvency Service has completed its investigation which included liaising with other regulators. It is clear that one of the regulators has a broader remit than the Insolvency Service has and can pursue relevant enforcement outcomes. Our enquiries have now concluded and no formal action was taken by the Insolvency Service. I am unable to comment further on any potential enforcement action which may be taken by other regulators.”

For the avoidance of doubt that other regulator is the FCA and its criminal enquiry has stepped up a gear in recent week weeks with interviews of senior former employees at Ariadne Capital. The time when Ms Meyer will be asked to give her side of the story surely draws close.

So the bad news is that the Insolvency service has only stepped aside because the FCA is working at an ever faster pace to throw the book at Ms Lingerie on Expenses.

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