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UPDATED: Former councillor Tony Ramsden found guilty of bankruptcy charge
FORMER councillor Anthony Ramsden-Geary has today been found guilty of obtaining credit as an undisclosed bankrupt.
The defendant had denied the single charge, which relates to a sum of £25,000 borrowed from business partner Christopher Wardrop in 2007.
However, a jury unanimously found him guilty after just 47 minutes this afternoon.
Ramsden-Geary had previously pleaded guilty to five breaches of the Insolvency Act.
Two of the charges relate to taking part in the management of a company whilst an undischarged bankrupt, two concern the contravention of a restriction on the re-use of a company name, and one to making a material omission in bankruptcy.
Mr Ramsden-Geary's estranged wife Harriet took the stand this morning to defend her husband.
She told the jury at Bournemouth Crown Court that the couple needed to borrow money after getting a mortgage on a house in Flaghead Road in 2007.
However, after the family had moved in, the house was revalued, adding a further £25,000 to the bill.
She said they borrowed the money from Mr Wardrop with the understanding that it would be reimbursed through her commission made on their company, Planning Solutions Ltd.
However, in 2008, the market went into "free fall" and the couple struggled to pay the complainant back for some months.
But Mr Wardrop said he believed the money was for a new property in defendant's parents in Bath Hill Court, and that it would be repaid within three weeks.
Ramsden-Geary has already pleaded guilty to five breaches of the Insolvency Act.
He will be sentenced on September 27 at Bournemouth Crown Court.
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