Spread bet firm’s ex-chiefs may face litigation

The former directors of Worldspreads could face litigation as administrators try to recover creditors’ money from the spread betting firm.

Worldspreads was founded in Ireland in 2000 and listed on London’s AIM market in 2007.

Past directors include Conor Foley, who was chief executive of the company until he resigned on Mar 14, and finance director Niall O’Kelly, who resigned in February of this year.