Dragons’ Den star found not guilty of child sex offences
Last updated on Sunday 31 January 2015
Doug Richard, the former Dragons’ Den star, who was accused of paying for sex with a 13-year-old girl has been found not guilty at the Old Bailey
Sourced through Scoop.it from: www.telegraph.co.uk
Doug Richard, the former Dragons’ Den star and one-time business adviser to David Cameron has been found not guilty of paying a 13-year-old girl for sex after meeting her on a ‘sugar daddy’ website.
The 57-year-old American-born entrepreneur and millionaire arranged for two teenage schoolgirls to travel from their homes in Norwich to London where he spanked and had sex with the younger one.
Doug Richard has a long association with the Prime Minister penning a report into the state of small business when the Tories were in opposition and accompanying Mr Cameron on a trade mission to southern Africa in 2011.
Mr Richard, who is married with three children, admitted meeting the girl on a website called Seeking Arrangements – which offered to connect ‘sugar daddies’ and ‘sugar babies’.
Before his acquittal Mr Richard – who is worth £52million – was a regular speaker on the after-dinner circuit, but after the sordid revelations in court he is likely to discover his reputation is irrefutably tarnished.
He also told the trial his company School for Startups is near bankruptcy, and has had to lay off 99 per cent of staff since his arrest 12 months ago. His sister is a federal judge in California – was obviously proud of his reputation in Britain, with lucrative contracts with the Government.