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Manchester United's Scott McTominay finds himself on the brink of losing nearly £1 million due to his investment in a failed company operated by his fiancée's father.
Fortress Capital Partners, managed by McTominay's fiancée Cameron Reading and her father Ashley, collapsed last year, leaving debts totalling £18 million and 230 individuals financially strained.
The company's modus operandi involved borrowing funds from investors, including Boyzone star Shane Lynch, and subsequently lending them out at significantly higher interest rates.
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McTominay’s Investment
The Readings indulged in a lavish lifestyle, investing millions in luxury properties across the UK, Dubai, Spain, and Portugal.
McTominay himself extended a loan of £1 million to Fortress, earmarked for property acquisition in Portugal.
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Administrators now project that investors are likely to recover a mere 10 pence for every pound they invested, with McTominay facing the prospect of recouping just £100,000 from his £1 million investment.
Social Media Backlash and Luxury Lifestyle
At the heart of the controversy is Cameron Reading, 23, who owes the company £1.2 million. Despite the financial turmoil, she continues to flaunt her opulent lifestyle on social media, much to the dismay of aggrieved investors.
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One affected individual, speaking to The Sun on Sunday, lamented, "There is a photo of Cam blowing a kiss with a glass of Champagne at a Claridge’s hotel room with Scott. It really rubs salt in the wound for those of us who’ve lost our life savings or face losing their homes."
The extravagant lifestyle depicted on social media further exacerbates the situation for investors. Another photo shared from Instagram showcased Ashley, his wife, Cam, and her sister enjoying extended stays in Dubai, adding insult to injury for those grappling with financial losses.
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To mitigate the fallout, Cameron has been compelled to sell off properties in Dubai and Spain to offset her debts. Meanwhile, Shane Lynch, owed £730,000, anticipates a substantial shortfall of £657,000.
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