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Francis Read - solicitor.

19-20 Grosvenor St




Supplemental materials
Rogue Traders case Fraud and deception
Documents Supporting documents and witnesses statements
Case summary Detailed synopsis of how the fraud worked
Lie Detector Francis Read is seriously exposed as complicit in the fraud, and contemptuous of the Law Society's own rules.
Struck off solicitors How many are there? See: News Roundup


I wrote this to solicitor Francis Read whilst still under the impression that he had no knowledge of Steven Daultrey's criminal past. Neither did I know at this time that Turner also had a criminal past. What a set up!

02 August 1996

Francis Read Esq.
19-20 Grosvenor Street

Dear Mr Read,

Thank you for responding to my letter.

It is now more clear to me that your involvement in the activities of Turner and Daultrey might have been at a greater distance than I first supposed. The enclosed copies of my correspondence might provide more background to my reasons for questioning you in the past and will explain the terse tenor of my letters.

Michael Turner is a liar and a cheat. He is a manipulative, duplicitous, egotistical incompetent who nevertheless boasts a measure of presence and credibility enabling him to dupe a sizeable number of people. It is obvious to me that Daultrey has assisted him in his activities. The purpose of engaging Daultrey at your firm, as a solicitor to Jetstream Marketing Limited, was no doubt to convey to me, as a prospective dupe investor, the credibility of Turner. Had I known that instead of visiting a professional, legitimate solicitor, I would be meeting one struck off in 1982 for all manner of dodgy activities, I would not have had any further dealings with Turner let alone pour my entire savings into a business that he subsequently ruins. Daultrey has at all times represented himself as a solicitor and I have had occasion to request his mediation in matters of dealing with creditors of Jetstream. He continued, until May 1996, to represent himself as a solicitor from the offices of Richard Donellan in Mayfair. Donellan, as you probably know, was suspended in February 1996 for reasons that the administering firm, Parrot & Coales, describe as significant anomalies of accounting.

Had Daultrey been a legitimate solicitor instead of a clerk enacting a fraudulent masquerade, I would have expected to be advised on the drawing up of a shareholders' agreement between Turner and myself. Naturally, I would have found at this time that Turner was indebted to various parties to the tune of more than thirty thousand pounds rather than the seventeen hundred first indicated to me. I might also have found out that he had presided over or directed several other ruinous operations.

It would appear that your offices have been used for the purposes described above and you might begin to wonder if there are any other people in a position similar to myself who have yet to discover the situation. The Law Society states that its rules are quite specific with regard to people representing themselves as solicitors and that in my case there is little evidence to prove actual cause of loss. Frankly, this is not good enough as the principles at stake - regardless of the letter of the law - are profoundly important.

Most people would agree that, whilst the law may well be an ass, it is all that stands between us and total anarchy. The scenario I have described suggests that the law is failing us and that it should be trusted no more than the guarantees offered by a street peddler trading out of a suitcase. It might suggest that I may seek and gain employment as a neurosurgeon, enjoying complete immunity from infuriated patients who suffer at my hands.

I have notified other major creditors of Jetstream who include Lloyds Bank, Isis Factors Plc and other concerns including the liquidator, N.M.G.W. in Bristol. As Lloyds Bank is pursuing me for the business loan to Jetstream I have pointed out that the solicitor who witnessed the guarantors' signatures has been suspended and that this entire scenario questions his validity as a witness.

You will understand that there is absolutely no point in my corresponding with Turner or Daultrey as I would not be able to believe even the simplest of statements from them. If Turner told me that blue is a colour I would have to seek confirmation from a reliable source. I am now completely bereft of money or assets, surviving on income support of some forty-seven pounds per week. My losses amount to seventy thousand pounds in savings prior to entering into business with Turner; salary foregone; loss of capital gain that would have been represented by Jetstream as a properly orchestrated concern, as well as suffering an enormous toll on my health.

I was infuriated by your seeming indifference to my questions and your apparently treating me as a peripheral insignificance. There is nothing contained within this and the accompanying copies that you may not share with whomsoever you see fit or appropriate. Suffice to say that I now feel you should be more deeply apprised of my viewpoint in this matter. I absolutely will not stop my attempts to gain redress for what I and other parties consider an appalling state of affairs. If the law insists on remaining inert or impotent in this matter, then I shall be exploring all possible avenues of satisfaction and compensation for having been duped and misled by parties that any one of us should be able to view with a measure of trust.

I do not expect a response as this has been provided out of what I now believe, in view of your last letter, is no more than common courtesy. This will be sent by fax and confirmed in the post.

Yours sincerely,

Paul Bantock.

Crooked solicitors are laughing


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