Anthony Jacobs, who recently left the Liberal Democrats over out 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.
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