Hot on the heels of Mercer’s recent bout of self-righteousness, we discover that he frankly has no grounds for sanctimony, being in the pay of a company who lost small investors hundreds of millions of pounds.
A company that marketed a failed bond scheme that lost savers £236m has been funding an MP’s private salary.
Johnny Mercer receives £85,000 from Crucial Academy, a company ultimately funded by Surge Financial Limited.
Surge Financial Limited took 25% commission for marketing bonds by London Capital and Finance (LCF), which is now in administration.
Mr Mercer – who is now facing calls from investors to quit as an MP – has not responded to requests for comment.
What a shame. Couldn’t happen to a nicer chap.
It would take a heart of stone not to laugh, should the debacle lead to Mercer’s total defenestration. Yes, it’s tenous and it would probably be unjust in the immediate context, but given his recent misadventures, karma might turn out to be a bitch.