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'''Barry Stephen Townsley''' [[Order of the British Empire|CBE]] (born [[14 October]] [[1946]]) is a [[United Kingdom|British]] stockbroker |
'''Barry Stephen Townsley''' [[Order of the British Empire|CBE]] (born [[14 October]] [[1946]]) is a [[United Kingdom|British]] stockbroker. He sold his stockbroking business, Townsley & Co., to the Dutch private bank [[Insinger de Beaufort]]. |
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He is married to Laura Wolfson, daughter of [[Leonard Wolfson, Baron Wolfson]] of the [[GUS (retailer)|GUS]] retail company. He was a governor of the [[Weizmann Institute of Science]], and supporter of The [[Israel Center for Social and Economic Progress]] founded by [[Daniel Doron]]. |
He is married to Laura Wolfson, daughter of [[Leonard Wolfson, Baron Wolfson]] of the [[GUS (retailer)|GUS]] retail company. He was a governor of the [[Weizmann Institute of Science]], and supporter of The [[Israel Center for Social and Economic Progress]] founded by [[Daniel Doron]]. |
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Revision as of 21:58, 27 May 2009
Barry Stephen Townsley CBE (born 14 October 1946) is a British stockbroker. He sold his stockbroking business, Townsley & Co., to the Dutch private bank Insinger de Beaufort.
He is married to Laura Wolfson, daughter of Leonard Wolfson, Baron Wolfson of the GUS retail company. He was a governor of the Weizmann Institute of Science, and supporter of The Israel Center for Social and Economic Progress founded by Daniel Doron.
"Cash for peerages"
He was a member and supporter of the Labour Party, recorded as donating "more than £5,000" before 2001 and £6,000 since 2001. He also donated £10,000 to the London Mayoral campaign of Frank Dobson.[1]
Described as "colourful" by The Sunday Times,[2] Townsley was involved in the so-called "cash for peerages" scandal in March 2006, in which it was revealed that he had lent £1m to the Labour Party[3] at the solicitation of Lord Levy, and contributed £1.5m to a City Academy in Hillingdon. He was nominated for a peerage shortly after making the loan, but in February 2006 he withdrew from the nomination on the grounds of press intrusion into his private life.[4]
Langbar International
He was also connected with Crown Corporation Limited[5] [6] (now Langbar International), the largest share fraud on an Alternative Investment Market and the company Insinger Townsley (now Insinger de Beaufort) was Crown's broker at the Initial Public Offer. Mr Townsley was due to become the vice chairman of Crown Oil[7], a subsidiary of Crown/Langbar, but as with the other Langbar ventures, this failed. He resigned from the company in November 2004.
He was due to give evidence at the Royal Courts of Justice in the case of Langbar International Limited v Mariusz Rybak and others that started in the High Court on 12 November 2007.[8][9] However, the court was informed on 3 March 2008[10] that he was unable to attend and give testimony to confirm his witness statement following the loss of his father on 14th February 2008.
References
- ^ http://www.findarticles.com/p/articles/mi_qn4153/is_20051215/ai_n15947103 Evening Standard: 15 December 2005
- ^ "Watchdog warns Blair off ennobling Labour donors" by Robert Winnett Sunday Times 5 March 2006
- ^ "Labour's treasurer 'kept party in dark over loan deals'" by Toby Helm Daily Telegraph 17 March 2006
- ^ "Broker loses peerage in ‘donor crony’ row" by John Waples Sunday Times 12 February 2006
- ^ "A Crown farce: how Langbar mislaid £365m" by Paul Durman and Louise Armitstead Sunday Times: 4 December 2005
- ^ "Prufrock: It’s death ore glory for Timis" Edited by Louise Armitstead Sunday Times 15 January 2006
- ^ Regulated News Service release 9365X 23 April 2004
- ^ "Langbar v Rybak" Langbar Action Group website: 12 November 2007
- ^ "Peerage row broker ‘shorted Langbar stock’" by Ben Laurence Sunday Times 16 December 2007
- ^ "Langbar v Rybak - 3 March 2008" Langbar Action Group website: 3 March 2008