Lord Spudulike a victim of Bernie Madoff

Anthony Jacobs, who recently left the Liberal Democrats over our taxation policy, has revealed that he was taken in by the America fraudster.

According to the website thisismoney, Jacobs:

declined to put a figure on the amount but said: 'It's not peanuts," reflecting the fact that Madoff demanded at least $1m from his wealthy clients and encouraged them to invest $10m or more.

He also said Madoff:

"was obviously very wealthy but he didn't live high on the hog. I used to see him and we'd chat. he seemed like a very nice guy."

This article gives an insight into Madoff's modus operandi. It also says Lord Jacobs is thought to have given the Liberals and Lib Dems more than £1m over the past 20 years.