Peter Cruddas

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Peter Cruddas is Britain’s 15th richest man, and the founder of the spread betting firm CMC Markets, which focuses on bets on the financial markets.[1]

In June 2011 the self-made billionaire was appointed co-treasurer of the Conservative Party, alongside long-serving treasurer Stanley Fink.[1] [2] Fink stepped down in early 2012, to be replaced by another hedge fund millionaire, Michael Farmer.

Tory donor

He has given about £350,000 to the Conservative Party between 2009-11[1] and was by far the largest donor to the recent ‘No to AV’ campaign in 2011, bankrolling the campaign with £400,000.[3]

Affiliations

References

  1. 1.0 1.1 1.2 Jason Groves, Billionaire gambling tycoon is new Tory treasurer... despite tax-dodging claims Daily Mail, 7 June 2011, accessed 9 June 2011
  2. James Quinn and Ben Harrington, CMC founder Peter Cruddas to be co-treasurer of Conservative Party , The Daily Telegraph, 7 June 2011
  3. A Letter from Donors to NO to AV, 9 April 2011, accessed 1 December 2011