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Former racehorse owner John Dance denies £64m fraud

Helen Law, prosecuting, outlined the allegations against Dance as being £64m of fraud from his clients while he was a partner in the wealth management firm, which related to three charges of fraud by abuse of position.

He also faced three money laundering charges relating to how funds were allegedly used, including the purchase of racehorses.

The defendant confirmed his name, age and address when he appeared before the court for the 15-minute hearing.

He answered “not guilty” to each of the nine charges read out by the clerk.

Josh Hart, defending, said: “The issues for the trial will be whether the defendant’s conduct was dishonest or not.

“The defendant denies any allegation of dishonesty.”

Chairwoman of the Bench Margaret Higgins said the case would be dealt with at the crown court.

Mr Dance was granted conditional bail and will next appear at Newcastle Crown Court on 6 February.


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