Neither education or money are absolutely necessary to become a businessman. Both of those things do help, however, as an education provides some of the information that can help and money provides capital. Miss Smithies said when worried investors asked questions about their money, they were told to 'stop badgering', 'f*** off, in terms' and others were warned if they kept asking they would 'go to the back of the queue'. Incredibly, the court heard how the conman Rae had looked into a Lake District property with helicopter landing pad in the belief 'major money, in the form of billions, was coming for himself and the investors'. Miss Smithies added: 'Meanwhile, he was enjoying luxuries, there is reference in the papers to a £200,000 Aston Martin, a luxury trip with friends via private jet to a golf tournament in the US, the jet cost £114,000.
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