The wife of Rangers goalkeeper Allan McGregor has been ordered by a judge to return more than £863,000 she received from a company branded a “Ponzi scheme”.
Cheryl McGregor was taken to court on behalf of HGEC Capital Ltd and its administrators after the firm went bust.The Court of Session in Edinburgh heard the 43-year-old mum-of-two received massive sums for introducing investors to HGEC.
Judge Lord Braid said the nature of the firm’s business was “unclear” but “appears to have involved fraudulent activities”.Lawyers for the defunct company said the WAG received “gratuitous alienations” from HGEC in the form of huge payments.
The Insolvency Act can prevent such payments being made if they put assets beyond the reach of creditors when a business collapses.Meanwhile, it has emerged Cheryl McGregor was ordered to repay £146,067 under the Proceeds of Crime Act (POCA) at Dumbarton Sheriff Court.
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