Missing City Tycoon Beano Breaks Cover ; I've Lost Pounds 50 Million On Spread Betting, He Says, 'but I'm Not On the Run'

Mail on Sunday › October 25, 2009

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Summary

THE City financier who apparently went missing while owing clients millions of pounds finally emerged from hiding yesterday - and blamed the losses on his gambling addiction.

Nick Levene, 45, nicknamed Beano because of his extravagant lifestyle, faces a criminal inquiry after investing huge sums for tycoons, but failing to deliver their promised riches. Tracked down by The Mail on Sunday, he revealed he has been receiving ongoing 'treatment for gambling addiction' at a Priory clinic.

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Extract

Missing City Tycoon Beano Breaks Cover ; I've Lost Pounds 50 Million On Spread Betting, He Says, 'but I'm Not On the Run'

As he strolled pensively through a park, casually dressed in jeans and jumper, he admitted: 'I have lost millions of pounds because of my addiction to spread betting - it is in the region of Pounds 50 million to Pounds 70 million.' And determined to strike an upbeat note, he added: 'I am trying to get myself in order and I'm facing up to my responsibi...

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