Fraud Conviction Hangs Over Soccer Exchange, Investor Says

Law360, London (July 16, 2020, 7:18 PM BST) — An executive behind a failed crypto exchange for shares in pro soccer teams may have torpedoed chances of buying an Australian club after news broke of his decade-old fraud conviction, counsel for an investor suing the exchange told a London judge Thursday.

James Aylward’s employer, the U.K.-based London Football Exchange Market, was on the cusp of buying Perth Glory earlier this year when an Australian media outlet revealed he had been sentenced to 22 months in prison for VAT fraud in 2010 under a different name, Orlando Gledhill QC said.

Perth’s owner, who was set to become LFE’s chairman, scrapped the…

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