Cru founder Maguire closes chippy

Laura Miller
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Cru founder Jon Maguire has closed the Bristol-based fish and chip shop he bought after the Arch cru fund he marketed collapsed.

Maguire's in Kingswood, previously the Clocktower, has been closed until further notice, according to local paper the Kingswood People. Staff are reportedly saying the business suffered from a lack of custom. Questions have been raised over how Maguire was able to buy the chippy, after claiming he had lost everything when the Arch cru fund range was suspended in March 2009. However, IFAonline revealed Maguire cashed in his £150,000 investment in Arch cru just 14 weeks before the fund range was suspended due to liquidity problems, and while his firm was still promoting the troubled fun...

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