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| commanders of the order of the british empire | |
| townsley, barry | |
| 1946 births | |
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Barry Stephen Townsley CBE (born October 14 , 1946 ) is a British stockbroker and charity-worker. He is Chairman of City stockbrokers Insinger Townsley . "CASH FOR PEERAGES" Described as "colourful" and "a social climber" by '' and contributed £1.5m to a City Academy. He was nominated for a peerage shortly after making the loan, but in February 2006 he withdrew from the nomination on the grounds of press intrusion into his private life. PREVIOUS CONTROVERSIES One of his clients was Sir Trevor Dawson, among the City’s most colourful characters. In 1981, as the Thatcher era was hitting its stride, Sir Trevor was an investment banker with legendary spending habits. He was chauffeured around London in a Cadillac — number plate TD 1 — often with an attractive young woman at his side. He adored horse racing and revelled in his soubriquet, the Galloping Major. Behind the glamorous screen of his private life, however, Sir Trevor was running a sleazy scam. He was buying shares for clients, then, if their value rose quickly, he would secretly move the short- term profits into accounts controlled by himself. One of the stockbroking firms he used was Jacobson Townsley and when he was eventually found out, Barry Townsley and Ronnie Jacobson were barred from the floor of the exchange for six months for “gross misconduct”. Three years ago, he found himself again enmeshed in a City controversy. The Financial Services Authority launched an investigation after a mystery buyer bought 500,000 Railtrack shares just days before the then Transport Secretary Stephen Byers announced, in March 2002, that the Government had decided, after all, to bail out the firm. There was no suggestion he was involved in any irregularity or illegal activity and the FSA told the London Evening Standard that no action was taken following its inquiries. Mr Townsley said his firm simply acted for a client. Townsley is also subject to an investigation by the " share-dealing fraud. {Link without Title} |
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