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UK police investigates KICC over £3.9m fraud

Friday, 17 February 2017


The UK Police have opened up investigations into the case of alleged fraud, involving  a former Premier League footballer , who lost £3.9million to the Kingsway International Christian Centre (KICC), owned by Mathew Ashimolowo.

The criminal investigation follows a charity commission report into “mismanagement” at Kingsway International Christian Centre, which invested £5m with the former Charlton Athletic player Richard Rufus.

Rufus was found by a civil court judge in 2015 to have operated a Ponzi-  style scheme between 2007 and 2011, losing or spending £8m from several investors.

The report also claimed the church collected £5.8million from its members in 2015.

In 2009 and 2010, KICC’s trustees reportedly agreed to give Rufus £5million to invest, after he promised returns of 55% a year.

“Dectetives from City of London’s Police’s fraud teams are  investigating”, a police spokesman confirmed to the site.

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