30 November 2023 , 09:30
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Everyone deserves a second chance, including Spencer Mitchell Steinberg, who was jailed for six years and nine months in 2016 for his role in a £78million investment fraud.
Steinberg (pictured above) and accomplices claimed to have a contract to supply goods to the 2012 London Olympic Village, as well as contracts with major hotel chains, but it was all a sham to lure investors into parting with their money.
Steinberg had claimed to have no reason to suspect the business was anything other than legitimate but Southwark Crown Court in London heard how he bought two Porsches and a new house with his profits.
The 54-year-old from Radlett, Herts, is out of prison now and has got a job - but I’m not sure that it was the best idea for him to return to work in the investment business.
He’s now dropped his surname and is known as Spencer Mitchell at whisky investment firm Cask Trade Limited in Regent Street, central London, where his job title is Head of Finance.
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In a statement, the company said that he was a valued member of staff.
“While Mr Mitchell heads up our finance team internally, we appreciate that his title could be misleading,” the company said.
“The demonstrable reality is that he does not have responsibility for, or control of, the Company’s banking accounts or customer funds. These are managed solely by the Managing Director of the business. For the avoidance of any doubt, he has never been, nor could he be, a shareholder or director in the business.
“Given his previous circumstances, the company has had stringent internal controls in place from day one to ensure the integrity of our operations and the protection of our customers.”