Izodia Explained

Izodia plc, formerly known as Infobank, was an information technology company listed on the London Stock Exchange and later the Alternative Investment Market that went out of business after it was defrauded of £34 million by Gerald Smith. In 2005, Smith pleaded guilty to 10 counts of theft and one of false accounting in respect of his position at Izodia and was sentenced to eight years' imprisonment.[1] [2] [3] [4]

Notes and References

  1. Web site: Anatomy of a £34m theft. Richard. Fletcher. 16 July 2007. 22 December 2017. Telegraph.co.uk.
  2. Web site: Convicted fraudster Gerald Smith admits media company Body in Balance 'close to collapse'. Jonathan. Russell. 3 November 2011. 22 December 2017. Telegraph.co.uk.
  3. Web site: Fraudster’s family sues tycoon for £100m to help pay £41m debt. Standard.co.uk. 22 December 2017.
  4. Web site: Time running out for fraudster who owes taxman £64m. Standard.co.uk. 22 December 2017.

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