Three men charged in Ponzi-style scheme
11 March 2013Today, three men appeared at City of London Magistrates Court charged with conspiracy to defraud investors in an alleged investment fraud related to electrical contracts in the hotel sector. The defendants are: Jolan Marc Saunders (age 36) of Buckhurst Hill Michael Dean Strubel (age 51) of London Spencer Mitchell Steinberg (43) of Radlett They attended Hatfield police station on 5 March 2013 answering police bail in connection with Saunders Electrical Wholesalers Limited, London and making false representations that the company had high value contracts with blue chip hotel chains (and latterly the Athletes Village) that required investment funding attracting good rates of interest.
