THIS WILL NEVER FLY; TV Girl Fiona Lost Pounds 17,000 in Failed Ostrich Business
NEWSREADER Fiona Armstrong yesterday claimed she was duped into investing more than pounds 20,000 in an ostrich farming fraud.
The 43-year-old former ITN star was left pounds 17,500 out of pocket after the venture - which she helped promote - went bust owing millions. Her mother also lost pounds 10,000 in the scheme, which billed the birds as "the cash crop of the 90s".
Armstrong, who now presents a regional TV programme, got involved after appearing in a promotional video for the business, she told a court yesterday.
She said she would never have made the film or invested if she had not believed the firm was honest.
The Ostrich Farming Corporation promised huge profits and took almost pounds 22million from more than 2000 investors.
But it is alleged five men behind the company siphoned off more than pounds 5million into offshore accounts instead of buying ostriches.
Armstrong told Leicester Crown Court she bought an ostrich for pounds 12,500.
She was later told the bird had produced chicks, which she sold back to the OFC for a return of more than pounds 5000. …