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The professional experts of the Economic Projects Performance Unit, after a careful consideration, recommended the establishment of a holding company which should consist of three departments, namely Investment Supervision, Consultancy and Finance and Administration and headed by a managing director.

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The money was used to give employment to friends and family as well as on “cars, trips, luxury cruises, college tuition gym memberships, jet ski outings, sporting event and concert tickets, and dating site memberships The money was used to give employment to friends and family as well as on “cars, trips, luxury cruises, college tuition gym memberships, jet ski outings, sporting event and concert tickets, and dating site memberships Three individuals — Rose Perkins, James Reynolds II and Kyle Effler — have agreed to a settlement that bans them from participating in any future fundraising activity.

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In mitigation Steve Rudge, for Abernathy, said his client had an issue with alcohol and added : ' His wife left him and that led to him living in a bedsit, with too much time on his hands and he turned to alcohol.