A financial advisor embezzled £212,000 after being trusted with the fortune of an elderly Scots widow as she battled dementia, a court heard.
Scots lottery winner’s charity probed over financial misconduct claims
22.05.2022 - 06:57 / dailyrecord.co.uk
A children’s charity set up by a £4.5million lottery winner is being investigated over financial misconduct allegations.
Former hairdresser Barry Chuwen set up The Teddy Bear Foundation with wife Jenny in 2004 after the couple had a stillborn baby at six months.
The organisation – which has a string of high-profile supporters including British Airways and Clydesdale Bank – claims to have spent £500,000 providing special needs kids with Euro Disney trips, riding lessons and massage sessions.
But charity watchdog OSCR is investigating serious concern surrounding both “governance and financial controls”.
The probe was launched last year into payments made by the charity to a company connected to one of its trustees.
OSCR has now stepped in to ensure property owned by The Teddy Bear Foundation cannot be sold.
The regulator said: “We are concerned that there has been misconduct in the administration of the charity and consider it necessary and desirable to take protective action in respect of the charity’s property.
“We have therefore issued a formal direction to the charity’s bank preventing it from parting with any property of the charity without OSCR’s consent.”
Chuwen – who lives in a £1.5million mansion in Glasgow’s plush Whitecraigs – scooped £4.5million when his numbers came up in September 1997, when he was just 27.
Despite the massive windfall, he continued to work at his salon next to Glasgow’s Queen Street station for 15 months before setting up a property company.
His firm Jasper Wishaw and its subsidiaries bought up commercial properties to rent out, including Glasgow’s Italian Centre and the Versace shop.
But the £30million portfolio went bust in 2013 after the Bank of Scotland, who had provided for most of the assets,
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
dailyrecord.co.uk
10.06.2022 / 14:43
Trekkers take on 24-hour Cateran Yomp in Perthshire to raise over £425,000 for soldiers and veterans
One of Scotland’s toughest endurance challenges which weaves through the beautiful Perthshire hills has raised over £425,000 to help soldiers, veterans and their families.
dailyrecord.co.uk
09.06.2022 / 15:33
Nicola Sturgeon challenged on NHS as 10,600 Scots waiting over 2 years for treatment
Nicola Sturgeon has been slammed over her NHS record after it was revealed more than 10,600 Scots had waited over two years for treatment.
dailyrecord.co.uk
09.06.2022 / 07:29
Scots Insta-famous adventurer accused of abusing three partners over eight years
An online star whose climbing adventures are followed by thousands of fans has been accused of abusive behaviour towards three ex-partners.
msn.com
06.06.2022 / 01:03
Lucky Yorkshire streets win big on Postcode Lottery on Jubilee Weekend
Yorkshire people living in a postcode have won big on the Postcode Lottery during the Platinum Jubilee weekend. Residents living in the postcodes have managed to get themselves a cool £1,000 on this week's People's Postcode Lottery - and one lucky street in Barnsley was the winner of £30,000.
dailyrecord.co.uk
05.06.2022 / 16:09
Scots Euromillions winner Jane Park flaunts new 'surgery body' in Instagram post
Scots Euromillions winner Jane Park showed off her new 'surgery body' in post to Instagram this weekend.
dailyrecord.co.uk
03.06.2022 / 13:45
Former pupil at elite Scots school Fettes paid £400k settlement over abuse
A Fettes College abuse survivor who was beaten and sexually assaulted has received £400,000 in damages – the first known sum paid by the elite school.
dailyrecord.co.uk
01.06.2022 / 23:25
National Lottery winning numbers Wednesday June 1 to pocket £2m jackpot
The results for the National Lottery and Thunderball this Wednesday night are here.
dailyrecord.co.uk
31.05.2022 / 13:47
Scots civil servant to face trial accused of embezzling over £4k from the Child Maintenance Service
A civil servant is to face trial, accused of embezzling several thousand pounds from the Child Maintenance Service.
dailyrecord.co.uk
29.05.2022 / 13:43
TV star Noel Clarke says he 'lost everything' after 20 women made sexual misconduct claims
Noel Clarke has said he contemplated suicide in his first interview since allegations of sexual misconduct were made against him last year.
dailyrecord.co.uk
27.05.2022 / 21:03
Social workers under fire over Scots teen whose mum left her to die while she went to pub
Social workers have come under fire over the death of a 13-year-old girl whose mum left her to die on a couch while she went to the pub.
dailyrecord.co.uk
27.05.2022 / 16:39
Scots single mum left with nothing helped by hospitality charity
A woman was left with nothing in her bank after her gas and electric company withdrew it all.
dailyrecord.co.uk
25.05.2022 / 19:01
Three teens charged over alleged attack on Scots schoolboy
Three teenage boys have been charged over an alleged attack on a schoolboy in East Kilbride.
dailyrecord.co.uk
20.05.2022 / 21:51
National Lottery defends EuroMillions winners' decision to go public
The National Lottery has explained why some winners choose to reveal their identities after scooping the jackpot.
ok.co.uk
20.05.2022 / 14:23
Good Morning Britain fans totally divided over couple going public with £184m lottery win
Good Morning Britain viewers were utterly divided on Friday, during a segment about whether to go public with a huge lottery win or keep the details under wraps. This week saw a couple from Gloucester celebrate publicly after scooping a humungous £184,262,899 with a EuroMillions lucky dip – making them the UK’s biggest EuroMillions lottery winners ever and catapulting them onto rich lists.
manchestereveningnews.co.uk
19.05.2022 / 17:05
National Lottery defends EuroMillions winners' choice to go public
The National Lottery has explained why some lottery winners decide to reveal their identities shortly after scooping the jackpot. A spokesperson for the firm said that going public can give the winner "peace of mind" and suggested that when winners reveal who they are, they're sometimes better able to enjoy their winnings as they no longer have to keep "such a big secret" from their loved ones.