
Nigel Farage failed to disclose support from convicted crypto fraudster George Cottrell ahead of his election, Sunday Times reports. Separate £5M donation from Tether shareholder also faces questions.
Nigel Farage failed to disclose financial support from a convicted cryptocurrency fraudster ahead of his election as MP for Clacton, the Sunday Times reported.
George Cottrell, who served eight months in a U.S. prison for wire fraud tied to a money-laundering sting, allegedly covered expenses for Farage's private security, drivers, lodging, and support staff including social media and office management, the investigation found. Cottrell later operated Tether.bet, an offshore crypto gambling platform that accepted Bitcoin and USDT.
Farage did declare a £9,253 trip to Belgium and a £15,276 flight donation paid for by Cottrell. He did not disclose the broader financial backing.
UK parliamentary rules require newly elected MPs to declare any benefits exceeding £300 received in the year before their election if related to political activities. The regime aims to let the public see who finances politicians.
Cottrell's criminal record adds weight to the controversy. He was convicted of wire fraud in a U.S. federal sting and served eight months. Since release, he has been linked to Tether.bet, an offshore platform that solicited large bets in Bitcoin and cash.
Farage also faces questions over a separate undeclared £5 million gift from cryptocurrency investor Christopher Harborne, a significant Tether shareholder and one of Reform UK's biggest donors, the Sunday Times reported.
Farage has actively pushed policies favourable to the crypto industry, including lowering capital gains tax on digital assets and a proposal for the Bank of England to hold Bitcoin reserves. Similar policy momentum in Europe around crypto taxation is visible in Germany's 2027 Budget Targets Crypto Tax Exemption.
The new allegations have prompted calls for the Parliamentary Standards Commissioner to investigate whether Farage breached MPs' disclosure rules.
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