• 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

Wall Street Analysts Boost AMD Stock Price Targets Amid AI Innovations

chest

Wall Street analysts are optimistic about AMD's stock price, raising targets due to new AI chips expected to outperform Nvidia.

user avatarAndrew Smith

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

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.