Former International Allegedly Cons Premier League Stars Out Of £30 Million

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Alleged Con-Artist said to have spent £40,000-a-day on Champagne alone.

Former international footballer Michael McIndoe is under investigation after allegedly conning a number of stars out of £30 million.

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The former Wolves and Coventry midfielder is accused of convincing over 300 fellow footballers, which include former Hull City man Jimmy Bullard, to invest in his scheme which promised a 20 per cent return on investments, reports Daily Mail.

However, the 35-year-old fell into bankruptcy this year with debts said to be reaching almost £3m.

McIndoe is alleged to have spent the money on a number of expensive outlays including a £27,000-per-week £2m mansion as well as spending £40,000 on champagne in one day.

McIndoe is said to have targeted both businessmen and footballers with his scheme and enticed them by giving a 20 per cent return, monthly, in cash.

Bullard is thought to have lost almost £600,000 himself which prompted him to enter reality show; “I’m A Celebrity Get Me Out Of Here”.

McIndoe is also said to have lived in a £4,000-a-week suite at the Mayfair Hotel whilst renting a Belgravia, London apartment for around £150,000 per year.

“He had the gift of the gab but was very cagey about the scheme, saying the money was in property, gold or City investments,” said an un-named player, quoted by the paper.

“People were convinced when they saw him paying out but then he suddenly closed the scheme down. He kept telling me to wait and that I would be a wealthy man.”

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