Crispin Odey: I can’t remember telling female employee ‘I could attack you now’
Facing a litany of questions over sexual harassment allegations that have left his career in tatters, the hedge fund tycoon Crispin Odey has told a court he does not remember cornering a female employee after a boozy lunch and saying to her “I could attack you now”.The 67-year-old made the comments during his first day in the witness box as part of a three-week court case that Odey hopes will overturn the City regulator’s decision to ban him from the UK’s financial services industry.Odey, who appeared in the London courtroom wearing a pink tie and braces, said that while he remembered the employee as an “attractive girl”, he did not recall the alleged incident, which lawyers for the Financial Conduct Authority (FCA) said had been recorded in the employee’s diary.The entry referring to Odey, dated 24 January 2020, said: “Comes back from boozy lunch and corners me in the corridor.Him: I could attack you now.
Me: Please don’t.Him: You could sue me for that.”Asked for his response to the diary entry, Odey said he did not remember it, saying only that the employee “was an attractive girl … she kept a diary which I didn’t know about”.He said: “Given that someone keeps a diary, I anticipate they are writing what they said, but when I read these things it’s no surprise I don’t remember them.They were words.
”He admitted to the court to having groped a colleague’s breasts without her consent in 2005, which he blamed on having been under sedatives after root canal treatment.He said the woman accepted his apology and continued to work for the firm for another eight years.The Brexit-backing hedge fund chief, who resigned in 2023, is trying to overturn the regulator’s decision to ban him from taking any senior roles in the UK financial sector.The FCA claimed he showed a “lack of integrity” by deliberately attempting to frustrate an investigation by his own hedge fund into allegations of sexual harassment, which he denies.Odey said in his witness statement that he had not tried to prevent an investigation but that he had attempted to have the FCA rule on whether he was fit and proper first.
“I could not contemplate a hastily convened disciplinary process being undertaken internally that could see me leaving the firm, before the authority had completed its investigation and decided on my conduct over a 20-year period,” he said,He claimed he had been treated unfairly by the FCA,“Both my relationship and the firm’s relationship with the authority changed when in May 2020 I was charged in connection with a sexual assault allegation dating back to 1999,I can now see that the case was taken up by the authority as something of a cause célèbre because at the time they were seeking to assert their reach over non-financial misconduct,I became, I fear, a poster boy for the authority’s agenda.
”The FCA claims Odey is not a fit and proper person to run a financial services company, having shown a “reckless disregard” for compliance and having treated internal disciplinary processes with “contempt”.Odey has since launched a £79m libel lawsuit against the Financial Times, saying he suffered “very significant financial loss” because of articles alleging he had sexually assaulted or harassed multiple women.The allegations, which emerged in the media in summer 2023, eventually led to him being removed from OAM, which announced plans to close in October that year.The FCA’s lawyer Clare Sibson pushed Odey on a number of other harassment allegations, including those filed by a receptionist in her mid-20s.Odey had invited the receptionist to a shooting weekend in Bristol in 2020, which she eventually declined, recalling to investigators that she knew “what was expected of me”.
The receptionist was later fired from the firm without a bonus, which Odey said he was not involved in and that he believed was unfair.Odey told the court during an at-times testy cross-examination that he believed his relationship with the unnamed receptionist was “consensual”, and he alleged she was a “flirt” who left other members of staff jealous of her interaction with him.He said he had probably been swept up in “an old man’s dream” that a woman in her 20s would be interested in a man in his 60s, but later realised she was “dangerous”.“The way she flirted with me was inappropriate, on both sides,” Odey said.He conceded that over time his flirtations with young women in the office may have made him seem like a “creepy old man”.
In his witness statement, Odey admitted to having been “something of a dinosaur” who had not “adapted to the modern working environment”.He said an internal investigation had made it clear “that I had got things wrong”.“It was not right that members of staff felt uncomfortable because of my behaviour,” he added in the statement.Odey is also facing civil personal injury claims by five women, including one who accused him of rape, which he also denies.Those cases are scheduled to be heard together in joint proceedings in June.
The hearing continues.
Royal Mail owner pushes back against criticisms that service has declined
Daniel Křetínský, the Czech billionaire who bought Royal Mail’s parent company for £3.6bn last year, has insisted that service has not declined under his ownership, despite heavy criticism of late deliveries and price rises.In a defensive and sometimes impassioned performance in front of MPs on the business select committee, Křetínský said he was “deeply sorry” for any letters that arrive late.Since his takeover, Royal Mail has battled trade unions over working conditions, raised first-class stamp prices from £1.70 to £1
Crispin Odey: I can’t remember telling female employee ‘I could attack you now’
Facing a litany of questions over sexual harassment allegations that have left his career in tatters, the hedge fund tycoon Crispin Odey has told a court he does not remember cornering a female employee after a boozy lunch and saying to her “I could attack you now”.The 67-year-old made the comments during his first day in the witness box as part of a three-week court case that Odey hopes will overturn the City regulator’s decision to ban him from the UK’s financial services industry.Odey, who appeared in the London courtroom wearing a pink tie and braces, said that while he remembered the employee as an “attractive girl”, he did not recall the alleged incident, which lawyers for the Financial Conduct Authority (FCA) said had been recorded in the employee’s diary.The entry referring to Odey, dated 24 January 2020, said: “Comes back from boozy lunch and corners me in the corridor. Him: I could attack you now
Baltimore sues Elon Musk’s AI company over Grok’s fake nude images
The mayor and city council of Baltimore, Maryland, filed a lawsuit against Elon Musk’s xAI company on Tuesday, alleging that its Grok chatbot violated consumer protections by generating nonconsensual sexualized images.Baltimore’s lawsuit argues that xAI deceptively marketed Grok as a general-purpose AI assistant and X as a mainstream social media site, failing to disclose the risks, limitations and exposure to harm that come with using the platform and chatbot. The suit, filed in the circuit court for Baltimore city, argues that the court has jurisdiction over xAI given that the company advertises and operates in Baltimore.“Grok has flooded the feeds of Baltimore’s X users with NCII (non-consensual intimate imagery) and CSAM (child sexual abuse material),” the city’s complaint states. “Grok further exposed Baltimore residents to the risk that any photograph they uploaded – of themselves or of their children – could be ingested by Grok and transformed into sexually degrading deepfakes without their knowledge or consent”
Protect men and boys from manosphere influencers, Labour MPs tell Ofcom
Men and boys need as much protection as women and girls from harmful influencers and “the worst parts of the internet”, a group of MPs have told Ofcom as they called for the regulator to give specific guidance to online platforms.More than 60 Labour MPs have written to the Ofcom chief executive, Melanie Dawes, urging her to protect men and boys from “manosphere” influencers who may expose them to gambling, sextortion and violent pornography.The Online Safety Act forced Ofcom to give tech platforms guidance on how to tackle “harmful content and activity that disproportionately affects women and girls”, but MPs argued that men and boys are also targeted in specific ways.According to the Gambling Commission, 53% of 11- to 17-year-old boys see gambling adverts online each week, compared with 31% of their female peers, while 91% of sextortion victims are male, according to the Internet Watch Foundation.Alistair Strathern, the MP for Hitchin and a co-chair of the Labour group for men and boys, said the Louis Theroux documentary Inside the Manosphere was “another reminder of a particular way some of the worst of the internet can prey on young men and boys”
World Cup-winning captain Johnson urges England to think about summer break for players
England’s legendary World Cup-winning captain Martin Johnson says the current management should consider resting key players this summer to boost the chances of history being repeated in Australia next year. Johnson was among several senior squad members who did not tour Argentina in the buildup to their 2003 global triumph and suggests a similar policy could assist England’s 2027 campaign.In 2002 England beat the Pumas 26‑18 in Buenos Aires with only eight of their subsequent World Cup-winning squad involved. Johnson is fully aware that post-game recovery and conditioning techniques have moved on significantly but believes the current captain, Maro Itoje, and others require careful handling if they are to prosper in 2027.“If it’s the right thing for a guy who’s just had a big Lions tour to have a summer off and not go on the trip, that’s just managing your player with the World Cup in mind,” said Johnson, who also led a British & Irish Lions squad to Australia in 2001
Ben Duckett pulls out of £200,000 IPL deal in bid to save England Test spot
Ben Duckett has pulled out of the upcoming Indian Premier League and now faces a three-year ban from the tournament after deciding he needs county cricket to shore up his place in England’s Test team.The opener was signed by Delhi Capitals at the IPL auction in December in a deal worth £200,000 and, with the competition starting on Saturday, he was due to miss the first two months of the English season.But a combination of a poor Ashes series – playing all five Tests in the 4-1 defeat for a highest score of 42 – and heavy travel after reserve duties at the recent T20 World Cup has convinced Duckett to turn out for the county champions Nottinghamshire instead.“It was a very difficult decision, and I want to apologise to everyone at Delhi that I won’t be coming,” Duckett told the Telegraph.“I’ve spent a lot of time away from home in different places, and it felt like the best thing for me to do to be ready to play for England is to be here right now, at home, refreshing my mind and body
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