FSA arrests champagne-swilling forex trader

The man arrested by the Financial Services Authority (FSA) in connection with an unauthorised foreign exchange trading scheme also hit headlines last month, it has emerged.

Alex Hope, the 23 year old trader who claimed before his arrest to have made a fortune through forex trading, was thrown into the public eye in March by reports of him spending £200,000 in a single night at a bar. Hope spent £125,000 alone on a 99lb bottle of Armand de Brignac champagne, equivalent to 40 regular bottles, during an evening at the Underground nightclub in the Liverpool Hilton Hotel. He also bought 40 more bottles of Ace of Spade champagne and £4,000 worth of Grey Goose vodka. Last night Hope's publicist confirmed to CityAM he had been arrested but denied all allegati...