Alleged investment fraud that left Scotland star Scott McTominay facing losses being probed
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An alleged investment fraud that has left Manchester United star Scott McTominay and other investors facing major losses is being investigated.
The Scotland midfielder faces losing nearly £1million after lending Fortress Capital Partners money to buy an investment property in Portugal. Other investors reportedly included Boyzone star Shane Lynch and Mario Falcone from TOWIE.
The lending firm, run by 27-year-old McTominay’s fiancée Cameron Reading and her dad Ashley, collapsed into administration last September. It lent out investors’ money at higher interest rates and bought properties in Dubai, Spain and the UK.
Administrators have confirmed investors are expected to get just 10p of every £1 they put in.
Now it has emerged the failed company is being probed by the Metropolitan Police, who said: “Officers from the economic crime team are investigating allegations of fraud. It follows a referral from Action Fraud. There have been no arrests.”
Cameron, 24, was the company’s investor relations head. She is being pursued for about £1.5million of loans by administrators. Fortress repaid certain debts using funds from investors “who believed they were investing into the company for future investments rather than [cover] past losses”, administrators say.
The transaction resulted in an overall loss of about £3.1million, “all of it funded either directly or indirectly by the company’s investors”, Begbies Traynor administrators claims.
One investor said Cameron is “on social media showing off a lifestyle that is upsetting to those who are losing their homes, life savings and retirement funds… and suicidal”.
Ashley Reading said he was assisting administrators. Cameron was approached for comment. A spokesman for McTominay, 27, said in November he had “no involvement” with Fortress.
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