How to Pronounce Peter Cruddas
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Sep 30, 1953 Metropolitan Borough of Hackney, England, United Kingdom 70 years old
businessperson
LibraPeter Cruddas - Place of Birth, Date of Birth, Age, Wiki, Facts, Net Worth, Birthday, Biography and Family
Peter Cruddas, Date of Birth, Place of Birth, Family, Facts, Age, Net Worth, Biography and More in FamedBorn.com
About Peter Cruddas
- Peter Andrew Cruddas (born 30 September 1953) is an English banker, businessman and philanthropist.
- He is the founder of online trading company CMC Markets.
- In the 2007 Sunday Times Rich List, he was named the richest man in the City of London, with an estimated fortune of £860 million.
- As of March 2012, Forbes estimated his wealth at $1.3 billion.Cruddas was appointed Conservative Party co-treasurer in June 2011.
- In March 2012 it was alleged by The Sunday Times that he had offered access to the Prime Minister David Cameron and the Chancellor George Osborne, in exchange for cash donations of between £100,000 and £250,000.
- Cruddas resigned the same day.In June 2013, Cruddas successfully sued The Sunday Times for libel over its coverage of him, which the High Court found had been defamatory.
- However, in March 2015, an appeal court reduced the libel damages and made Cruddas repay £130,000 of the original £180,000 in damages, ruling that the Sunday Times's central allegation around "cash for access" had been borne out by the facts, while also ruling that a series of subsidiary allegations made in the same Sunday Times article were still false and defamatory.
