£200,000 bar bill trader arrested

4th April, 2012 by Martin Crummy

Alex Hope, who spent £125,000 on a single bottle of Champagne, has been arrested on suspicion of being involved in an unauthorised foreign exchange trading scheme.

The 23 year-old trader made the headlines when he ran up a £200,000 bar bill in one evening at a Liverpool nightclub.

Most of this was spent on a 30-litre Midas bottle of Armand de Brignac, known as Ace of Spades – the world’s most expensive bottle of Champagne.

The story subsequently became front-page news after the receipt was leaked to the press and it was reported that he was partying with Manchester City footballers Joe Hart and Adam Johnson at the Playground Club in Liverpool.

But yesterday the Financial Services Authority (FSA) said that it had arrested a man in east London “on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.”

Hope’s publicist confirmed that he had been arrested but said that he denies all allegations.

Spending big sums of money on alcohol is not restricted to the UK, as over the weekend a Saudi millionaire also splashed out on an expensive bottle of Champagne in Dubai.

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