Jabez Balfour as Liberal candidate in Croydon at the general election but lost to the Conservatives. He also stood unsuccessfully for the Liberals at Walworth in 1886. In 1880 he was appointed chairman of the Northampton Street Tramways. Together with City financiers Leopold Salomons and Sir John Pender, Balfour founded the investment underwriting firm the "Trustees, Executors and Securities Insurance Corporation, Limited" in December 1887. In 1892, he was at the centre of a scandal over the failure of a series of companies which he set up and controlled, starting with the London and General Bank and culminating in the Liberator Building
Kevin Foster (fraudster) Kevin Foster (fraudster) Kevin Foster (born 1958/1959) is an English investment fraudster, convicted of 14 counts of deception and theft in relation to his operation of a £34m (approx $51m) Ponzi scheme, which ran from 2002 to 2004. By the time Foster was stopped, police discovered his scheme, originally called "KF Concept" but later renamed to "Phase 9", had taken money from 8,500 investors, mainly drawn in through his series of flamboyant roadshows across the UK. In 2010, Foster was sentenced to 10 years imprisonment, though that was reduced to 9 years on appeal after several convictions were overturned. On