“Lord” Edward Davenport describes himself as “one of London’s most flamboyant and best-known entrepreneurs as well as a true English gentleman from an established British family.”His website boasts about his extensive car collection, and his home, a mansion in London’s West End that’s been featured in countless photo shoots and advertisements. Oscar winning movie, The King’s Speech, was also filmed there.
According to his website, Davenport is a “man who earned his own wealth.” He is also “a businessman to his bones.”
And he’s just been jailed for failing to provide funds for loans worth £500 million ($771 million).
The Press Association reports that Davenport started his company Gresham Ltd in 2005, claiming it had provided huge commercial loans for over 50 years. He even had forged balance sheets to prove the company’s reputation.
He has been jailed for seven years and eight months for fraud. Two of his colleagues have also been jailed. It is reported that between 2007 and 2009 his company received £4.5 million ($6.9 million) from at least 51 victims.
Davenport previously hit headlines in the UK after it was revealed that his 110-room mansion (which has its own website) was being used for sex parties. His home is described as hosting “the most glamorous and exclusive parties in London.” It’s also home to London’s only hydraulic wall. Whatever that is.
Living an enviable bachelor lifestyle, splitting time between Monaco and London, Davenport’s website has countless pictures of him with his celebrity pals including 50 Cent, Paris Hilton and Keira Knightly. He even got a supermodel to write a little profile of him describing Davenport’s excellent table manners.
Davenport says he inherited a Lordship from his father, though there has been speculation that he bought the title. It’s been reported that he received £773,000 ($1.2 million) from the accounts of the bogus company.
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