• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Former Aide to Nigel Farage Involved in Controversies

user avatar

by Giorgi Kostiuk

2 years ago


Former Aide to Nigel Farage Implicated in Controversies

A past associate of Nigel Farage, who had a history of wire fraud conviction and was allegedly linked to an illicit cryptocurrency ATM, was captured on video alongside the far-right politician during an incident of being targeted with a milkshake.

George Cottrell, also known as ‘Posh George,’ appeared to be part of Farage’s group at the Reform Party’s campaign commencement in Essex when a bystander threw a milkshake at the former UK Independence Party (UKIP) leader. This encounter marked the second milkshake thrown at Farage.

Cottrell, appointed as an unpaid advisor to Farage in his early 20s, engaged in co-directing fundraising efforts related to Brexit for UKIP. However, his involvement took a dark turn in July 2016 when he was arrested and charged with multiple offenses, including conspiracy to commit money laundering, wire fraud, blackmail, and extortion.

An operation by the FBI exposed Cottrell’s agreement to launder a significant sum of drug trafficking proceeds monthly. He reportedly resorted to threatening to expose fake drug traffickers to the authorities as a means of extorting 130 bitcoins valued at $80,000.

While facing prosecution in the United States, Cottrell struck a plea deal, pleading guilty to one count of wire fraud, leading to the dropping of 20 other charges. His sentence of eight months ended in March 2017.

In a separate development in 2023, Montenegro’s finance minister accused Cottrell of unlawfully owning a cryptomat, a physical cryptocurrency trading outlet akin to an ATM. Allegations also emerged regarding Cottrell’s purported financial support for the political group Evropa Now Movement (PES) in Montenegro.

Despite denials from Cottrell’s legal representatives, claims by politicians from Montenegro’s ‘Movement for Change’ highlighted the illegal nature of cryptocurrency trading and cryptomat operations in the country, raising suspicions about Cottrell’s activities.

Reports revealed Cottrell’s establishment of a ‘Private family office’ in Tivat, Montenegro, in 2020, coinciding with his reported financial setback of £16 million in a local casino.

While his involvement in Farage’s recent campaign kickoff remains ambiguous, Cottrell asserts on his LinkedIn profile that he maintains collaborations with financial entities, politicians, and political advisory firms.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin's Price Action and Key Resistance Levels Under Scrutiny

chest

Bitcoin's recent price movements are under close scrutiny as it trades between $79,000 and $80,000, a critical resistance area. Analysts are emphasizing the importance of the $80,300 level, which could trigger selling pressure if not held as support.

user avatarEmily Carter

South Korean Government Confirms Crypto Tax Implementation

chest

The South Korean government has confirmed a 20% tax on crypto profits starting January 2027, affecting many investors.

user avatarTomas Novak

Market Dynamics Indicate Potential for Ethereum Price Recovery

chest

Market dynamics suggest that Ethereum may recover in price if it can withstand current selling pressure.

user avatarKaterina Papadopoulou

South Korea's Major Crypto Exchanges Collaborate with Tax Authorities

chest

The five largest crypto exchanges in South Korea are collaborating with the National Tax Service to prepare for a new tax policy set to be implemented in January 2027.

user avatarMaya Lundqvist

Crypto Firms Shift to Chainlink After Chaos Labs Hacking Attempt

chest

Several crypto firms are migrating to Chainlink's oracle infrastructure following a hacking attempt on Chaos Labs.

user avatarLeo van der Veen

SEC Chair Paul Atkins Calls for Enhanced Regulatory Guidance for Onchain Markets

chest

SEC Chair Paul Atkins emphasizes the need for clearer regulatory frameworks for onchain trading systems and related activities.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.