Bozo Linked To Libor Fiddler

While London’s formerly very occasional Mayor Alexander Boris de Pfeffel Johnson, now alleged to be Prime Minister, once more blusters and declines to talk about it, his past relationship with “tech entrepreneur” Jennifer Arcuri refuses to go away. He only visited her flat for technology lessons, so it is claimed: whether this involved a massive dump from his hard drive into her input device is not known. As it were.

What is known, though, is that Bozo The Clown has now been referred to the Police. As the Guardian has reported, “An official from the Greater London Authority, the city’s devolved government, has written to the prime minister noting claims he had ‘on more than one occasion’ used his position as mayor to ‘benefit and reward’ Jennifer Arcuri, a tech entrepreneur”. Grants, trade trips, that sort of thing. And there was more.

“‘Subject to any explanation provided by you, these matters give rise to a suggestion that there has been a failure to safeguard the public purse and if so that amounts to a significant breach of public trust,’ said the letter, from the office of the authority’s monitoring officer. ‘These are the ingredients of the offence of misconduct in a public office’”.

The response from Downing Street has been predictable. “This is a politically motivated attack. Due process has not been followed and the timing is overtly political” said A Senior Government Source (D. Cummings (no relation)). But the official referring the matter to the cops is not a political appointee. And it gets worse for Bozo.

His choice of Ms Arcuri as a provider of “technology lessons”, and not discussions of an East African nature, appears to have overlooked her sometimes unfortunate choice of business associates. Take, for instance, Title Z Technology Limited, one of four companies with which she has been associated. This company, of which she was a director, was struck off the register less than two years after its incorporation.

Tom Hayes

Title Z Technology had one other director, Tom Alexander William Hayes. At the time of his appointment, Hayes had already been fired by Citigroup. Later that year, he would be arrested in a dawn raid as his computers and any recoverable documentation were removed for examination. For years, he had been fiddling Libor, the London Interbank Offered [interest] Rate. And he was about to be charged over it.

Hayes sang like a canary for the cops; he had good reason to do so, his incentive being prosecution in the UK and avoiding extradition to the USA. Anyone in the financial sector with brain plugged in and a hole in their arse would have known something of Hayes’ past dealings when he became a director of Title X Technology. But Jennifer Arcuri seems to have had no problem being part of the same company.

Tom Hayes was sentenced to 14 years in jail, which was reduced to 11 years on appeal. He and Ms Arcuri were directors of the same firm at the time she enjoyed regular contact with London’s then Mayor, who is now the Prime Minister.

This may be nothing more than a coincidence. But then again, it may not.

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