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Article: Fall of pounds 200m Tel Boy; JAILED..THE POSTMAN'S SON WHO GAMBLED AWAY A FORTUNE.(News)

Article from:
The Mirror (London, England)
Article date:
May 7, 1998
Author:
Copyright

DISGRACED tycoon Terry Ramsden - one of Britain's richest men and one of the biggest bankrupts - was jailed yesterday for hiding a small fortune from creditors.

It was the final downfall for the postman's son who went from teenage clerk to City whizkid with a pounds 200million fortune - then went bust owing tens of millions.

Ramsden began a 21-month sentence after he admitted using his elderly mother to secretly channel more than pounds 300,000 from a trust fund and failing to reveal millions of shares he owned.

And the man who once owned 100 ...

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