Controversial billionaire James Stunt is being sued by CMC Spreadbet for just over 1 Million that Stunt allegedly lost by gambling on currency changes.
Stunt rose to fame by being married to Formula 1 heiress Petra Ecclestone and styles himself as a playboy billionaire. Stunt and Ecclestone are now divorced.
CMC Spreadbet is looking 1,002,103 plus a daily interest of 219 until the debt has been paid.
According to court documents, Stunt is hoping to pay off the debt by loaning the money against a 225 million fine art collection that he is currently loaning out. His collection includes paintings from Monet, Picasso and Dali.
Stunt has also suggested he could liquidate his wine collection worth in the region of 600,000….
Read the full article at: https://news.tunf.com/british-billionaire-pursued-for-1-million-gambling-debt/451812