"Global Counsel's liabilities totaled 4,596,149, with the largest creditor being HM Revenue and Customs, owed 645,789. The firm had 2.7 million in assets."
"Mandelson's connections to Jeffrey Epstein led to the loss of several accounts, prompting scrutiny over his suitability for the role of UK ambassador to Washington."
"The firm employed about 100 people, primarily in the UK, and collectively owed them 2.6 million. Co-founder Ben Wegg-Prosser resigned as the firm faced challenges."
"Mandelson sought Epstein's advice on establishing Global Counsel in 2010, raising questions about his judgment and the implications of his past associations."
Global Counsel, a consultancy firm co-founded by Peter Mandelson, went bankrupt in February with liabilities of 4.6 million. The firm lost key accounts due to Mandelson's connections with Jeffrey Epstein. Despite resigning from the board in 2024, Mandelson retained shares in the company. The firm owed 645,789 to HM Revenue and Customs and 2.6 million to its employees. Co-founder Ben Wegg-Prosser also stepped down amid scrutiny over Mandelson's past dealings with Epstein, raising security concerns regarding his links to foreign states.
Read at www.theguardian.com
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