His arms out-stretched in a hero pose, former international footballer Michael McIndoe milks the adulation as a spray of champagne washes over him. The 35-year-old wasn't celebrating a cup triumph but the millions flowing through his accounts from an alleged £30million investment scheme that snared a string of top-flight players. Pictures have now emerged of McIndoe in 2011 - at the height of his scheme - surrounded by beautiful women and empty champagne bottles as he revelled in a millionaire playboy's lifestyle in Marbella with a limitless credit card and wads of cash. Former Wolves and  Coventry player Michael McIndoe celebrates in Marbella during the height of his scheme. A member of staff at the beach bar lifts a Methuselah champagne bottle out of an ice bucket. Another former footballer revealed that McIndoe had spent £40,000 on champagne in one day. McIndoe (second from the right) parties in Marbella using money earned from the elaborate scheme. McIndoe started out at Luton Town, making his debut in 1998 and playing for the Hatters 39 times before joining Hereford on a free in 2000. Yeovil then took advantage of the Bulls' financial plight and snapped him up for £25,000 the following year. He scored 22 goals in 91 outings for the Glovers, winning promotion from the Conference in 2003 before joining Doncaster for £50,000. McIndoe twice made the PFA Team of the Year with Rovers and was his side's joint-top scorer in 2004-05 with 12 goals. He twice represented the Scotland B side during his time at Rovers. After a loan spell at Derby he joined Barnsley then Wolves, on loan again, before the deal was made permanent for £250,000. He signed a three-year contract with Bristol City in 2007 and scored the winner against Crystal Palace in the second leg of the 2008 Championship play-off semi-final. They lost out to Hull at Wembley and McIndoe had one more season at Ashton Gate before joining Coventry. He also had a brief loan stint at MK Dons. But the former Wolves and Coventry midfielder, who is accused of persuading 300 stars including Jimmy Bullard as well as a string of lower league players to invest with him, is now being investigated by police. He was forced into a bankruptcy court with debts approaching £3m earlier this month where he claimed to be penniless and living on the charity of friends and family. The Metropolitan Police are investigating and have started quizzing victims and associates. 'He was the Mr Big in Marbella, buying loads of champagne and girls all over the place. He even had a bodyguard,' said one footballer, who lost around £75,000 in the scheme, which promised a 20 per cent return on investments. McIndoe, from Edinburgh, hired pop star Alexandra Burke to perform at a party and invested in a private members club, in London. But it was in Marbella that McIndoe indulged the lavish lifestyle - shown in these exclusive photos - he could not afford as his playing career ended in non-league football. He hired a modernist £2m mansion for £27,000-a-week for a three-week holiday spree and spent £40,000 on champagne in one day at a beach club party. Friends had bottles of champagne and vodka at their tables whenever they went to nightclubs. McIndoe celebrates scoring for Doncaster against Arsenal in the League Cup in 2005. McIndoe with the girlfriend Emma Frain during one of his holidays in Spain. McIndoe used the promise of 20 per cent returns on people's money to fund his champagne lifestyle. The former Scotland B player rented a £27,000-a-week mansion for a three-week holiday in Spain. 'There were lots of girls and lots of drink,' said the player, who had been befriended by McIndoe when he was a young apprentice at the same club. 'He was spending money like you've never seen before.' McIndoe was photographed lounging on a white sofa with his then girlfriend, model Emma Frain, and smoking a huge cigar while surrounded by friends as he bankrolled their luxury holidays. The player added that McIndoe targeted fellow professionals and businessmen football supporters and initially gave them the 20 per cent return paid monthly in cash. The scheme sucked in around 300 players and the former QPR and Hull star Bullard is thought to have lost around £600,000 which prompted him to go on the ITV reality show, I'm A Celebrity Get Me Out of Here. He told original investors to get other 'clients' involved and they would be rewarded. McIndoe and his friends at the Ocean Club in Marbella where 'beds' can cost up to 7,950 euros (£5,790) More than 60 bottles of Veuve Cliquot Champagne stand empty at a party funded by McIndoe in Marbella. Large bottles of the expensive Dom Perignon champagne are buried into an ice bucket. Jimmy Bullard (pictured here in 2011) was one of the investors, and is thought to have lost around £600,000. McIndoe lived at the five-star Mayfair Hotel, paying £4,000 a week for a suite, and also rented a Belgravia apartment for an upfront £150,000 annual fee, it is alleged. He ran glitzy parties at celebrity nightclubs including Funky Buddha, in London, and drove around in a Bentley and a Maybach. He was reportedly gambling heavily before the scheme crashed and is said to have run through £1m on bets with one bookmaker in a year. 'He had the gift of the gab but was very cagey about the scheme, saying the money was in property, gold or City investments,' added the player, who declined to be named. 'People were convinced when they saw him paying out but then he suddenly closed the scheme down. He kept telling me to wait and that I would be a wealthy man.' McIndoe celebrates sinking Crystal Palace to reach Wembley in 2008. But he was consoled by Wayne Brown after Bristol City lost the 2008 Championship Play-off final to Hull. Another person to have been caught out by the former Scotland B international was glamour model Georgia Eden, who was one of 30 women hired to attend club nights organised by McIndoe. In total, McIndoe was due to pay the model agency who organised the women £12,000, but the money never materialised. Speaking to the Daily Record, Eden said: 'We were asked to mingle around and talk to guests in the club. The organisers said they were really pleased with what we had done and we were told we would be paid within 30 days. Georgia Eden was one of 30 models hired to attend a event put on at a club by McIndoe. But Eden, along with her colleagues, was never paid for her work with the agency said to be owed £12,000. McIndoe (right) in action playing for his former club Wolves against West Bromwich Albion in 2007. 'That date came and went and a lot of excuses were made to the agency. 'To have that amount of girls booked for one job was a really big deal so it was a big let down to not be paid for the work we had done.' McIndoe was made bankrupt in October last year with disclosed debts of £2.4m. He told the London bankruptcy court this month that he had no income and was living off £13,900 surplus from the sale of his mother's house but £6,000 of that had been given to his girlfriend, who lives in Epping, Essex. 'That money has been running thin of late so I have been getting help from friends and family,' he told the hearing. He added that he was not working and was living with his mother in Edinburgh or staying with a friend in London. After the hearing, he faced accusations from creditors that he had not responded to their questions about repayment. 'I have nothing to say, I cannot comment about this,' he said. The hearing was adjourned until March 25 and he must attend a meeting with the bankruptcy trustee later this month. 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Summarize the highlights of this article.
Michael McIndoe convinced footballers to take part in investment scheme.
Investors in the scheme reportedly lost a combined £30million.
Former Wolves and Coventry midfielder spent money on a lavish lifestyle.
Pictures have emerged of McIndoe's lifestyle from height of the scheme.
McIndoe later declared bankruptcy and is now supported by his family.
I'm a Celebrity star Jimmy Bullard thought to have lost £600,000.
Hans armar utsträckta i en hjälte pose, före detta internationella fotbollsspelare Michael McIndoe mjölkar adulering som en spray av champagne sköljer över honom. 35-åringen firade inte en cup triumf men miljonerna flödar genom hans konton från en påstådd £ 30 miljoner investeringsprogram som snärjde en sträng av topp-flight spelare. Bilder har nu kommit fram på McIndoe 2011 - på höjden av hans plan - omgiven av vackra kvinnor och tomma champagneflaskor när han vexlade i en miljonär playboys livsstil i Marbella med ett gränslöst kreditkort och en massa kontanter. Tidigare Wolves och Coventry-spelaren Michael McIndoe firar i Marbella under höjden av sitt intriger. En personal i strandbaren lyfter upp en Methuselah champagneflaska ur en ishink. En annan före detta fotbollsspelare avslöjade att McIndoe hade lagt 40.000 pund på champagne på en dag. McIndoe (andra från höger) parter i Marbella med hjälp av pengar som tjänats på det genomarbetade systemet. McIndoe började på Luton Town, gjorde sin debut 1998 och spelade för Hatters 39 gånger innan han gick med i Hereford på en gratis 2000. Yeovil utnyttjade sedan Bulls ekonomiska belägenhet och knäppte upp honom för 25 000 pund året därpå. Han gjorde 22 mål i 91 utflykter för Glovers, vinnande befordran från konferensen 2003 innan han anslöt sig till Doncaster för 50 000 pund. McIndoe gjorde två gånger Årets PFA-lag med Rovers och var hans sidas joint-top målskytt 2004-05 med 12 mål. Han representerade två gånger Skottlands B-sida under sin tid på Rovers. Efter en låneformel hos Derby anslöt han sig till Barnsley dåvarande Wolves, på lån igen, innan affären gjordes permanent för 250 000 pund. Han skrev ett treårskontrakt med Bristol City 2007 och gjorde vinnaren mot Crystal Palace i andra etappen av 2008 års Championship play-off semifinal. De förlorade ut mot Hull på Wembley och McIndoe hade en säsong till på Ashton Gate innan de anslöt till Coventry. Han hade även en kort lånestint på MK Dons. Men den före detta Wolves och Coventry mittfältaren, som anklagas för att ha övertalat 300 stjärnor inklusive Jimmy Bullard samt en sträng lägre ligaspelare att satsa hos honom, utreds nu av polisen. Han tvingades in i en konkursdomstol med skulder som närmade sig 3 miljoner pund tidigare denna månad där han påstod sig vara utfattig och leva på välgörenhet av vänner och familj. Metropolitanpolisen utreder och har börjat förhöra offer och medarbetare. "Han var Mr Big i Marbella, köpa massor av champagne och flickor överallt. Han hade till och med en livvakt, sa en fotbollsspelare, som förlorade runt £75 000 i systemet, vilket lovade en 20 procent avkastning på investeringar. McIndoe, från Edinburgh, anlitade popstjärnan Alexandra Burke för att uppträda på en fest och investerade i en privat medlemsklubb, i London. Men det var i Marbella som McIndoe hängav sig åt den påkostade livsstilen - som visades i dessa exklusiva bilder - han hade inte råd då hans spelarkarriär slutade i icke-leaguefotboll. Han hyrde en modernistisk husbyggnad på 2 miljoner pund för 27 000 pund i veckan för en treveckors semesterrunda och spenderade 40 000 pund på champagne på en dag på en strandklubbsfest. Vänner hade flaskor med champagne och vodka vid sina bord när de gick på nattklubbar. McIndoe firar poäng för Doncaster mot Arsenal i League Cup 2005. McIndoe med flickvännen Emma Frain under en av hans semestrar i Spanien. McIndoe använde löftet om 20 procent avkastning på folks pengar för att finansiera sin champagne livsstil. Den före detta Skottland B-spelaren hyrde en herrgård på 27 000 pund i veckan för en tre veckor lång semester i Spanien. "Det var massor av flickor och massor av dricka," sade spelaren, som hade blivit vän med McIndoe när han var en ung lärling på samma klubb. Han spenderade pengar som du aldrig sett förut. McIndoe fotograferades lounging på en vit soffa med sin dåvarande flickvän, modell Emma Frain, och röka en enorm cigarr medan omgiven av vänner när han bankade deras lyx semester. Spelaren tillade att McIndoe riktade sig till medproffs och affärsmän fotbollssupportrar och gav dem till en början den 20 procents avkastning som betalas varje månad kontant. Systemet sög in runt 300 spelare och den tidigare QPR och Hull stjärnan Bullard tros ha förlorat runt £ 600.000 vilket föranledde honom att gå på ITV dokusåpa, I'm A Celebrity Get Me Out of Here. Han sade till ursprungliga investerare att involvera andra "klienter" och de skulle belönas. McIndoe och hans vänner på Ocean Club i Marbella där "sängar" kan kosta upp till 7 950 euro (5 790 pund) Mer än 60 flaskor Veuve Cliquot Champagne står tomma på en fest finansierad av McIndoe i Marbella. Stora flaskor av den dyra Dom Perignon-champagnen är begravda i en ishink. Jimmy Bullard (bildad här 2011) var en av investerarna, och tros ha förlorat runt 600 000 pund. McIndoe bodde på det femstjärniga Mayfair Hotel, och betalade £ 4000 i veckan för en svit, och hyrde även en Belgravia lägenhet för en uppskjuten £150 000 årsavgift, påstås det. Han drev glitterfester på kändis nattklubbar bland annat Funky Buddha, i London, och körde runt i en Bentley och en Maybach. Han var enligt uppgift spelande tungt innan systemet kraschade och sägs ha gått igenom £ 1m på satsningar med en bookmaker i ett år. "Han hade gåvan av gab men var mycket buren om planen, säger pengarna var i egendom, guld eller City investeringar," tillade spelaren, som avböjde att bli namngiven. Folk var övertygade när de såg honom betala, men sen lade han ner planen. Han sa åt mig att vänta och att jag skulle bli en rik man. McIndoe firar sänkningen av Crystal Palace för att nå Wembley 2008. Men han tröstades av Wayne Brown efter att Bristol City förlorat finalen i Championship Play-off 2008 till Hull. En annan person som fångades av den tidigare Skottland B-internationalen var glamourmodellen Georgia Eden, som var en av 30 kvinnor som anlitades för att delta i klubbkvällar som anordnades av McIndoe. Totalt skulle McIndoe betala modellbyrån som organiserade kvinnorna £12000, men pengarna materialiserades aldrig. Eden talade till Daily Record och sade: ”Vi blev ombedda att mingla runt och prata med gäster på klubben. Organisatörerna sade att de var riktigt nöjda med vad vi hade gjort och vi fick veta att vi skulle få betalt inom 30 dagar. Georgia Eden var en av 30 modeller som anlitades för att närvara vid ett evenemang som sattes på en klubb av McIndoe. Men Eden och hennes kollegor fick aldrig betalt för sitt arbete med byrån, som sades vara skyldigt 12 000 pund. McIndoe (höger) i actionspel för sin tidigare klubb Wolves mot West Bromwich Albion 2007. "Det datumet kom och gick och en hel del ursäkter gjordes till byrån. "Att ha så många tjejer bokade för ett jobb var en stor grej så det var en stor besvikelse att inte få betalt för det arbete vi hade gjort." McIndoe gick i konkurs i oktober förra året med uppgivna skulder på 2,4 miljoner pund. Han berättade för Londons konkursdomstol denna månad att han inte hade någon inkomst och levde på £13900 överskott från försäljningen av sin mors hus men £6 000 av det hade getts till hans flickvän, som bor i Epping, Essex. "De pengarna har varit ont om tid så jag har fått hjälp från vänner och familj," sade han till förhöret. Han tillade att han inte arbetade och bodde med sin mor i Edinburgh eller bodde hos en vän i London. Efter förhandlingen ställdes han inför anklagelser från borgenärer om att han inte hade svarat på deras frågor om återbetalning. "Jag har ingenting att säga, jag kan inte kommentera detta," sade han. Förhandlingen ajournerades till den 25 mars och han måste delta i ett möte med konkursförvaltaren senare denna månad. Tyvärr accepterar vi för närvarande inte kommentarer till den här artikeln. Sammanfatta höjdpunkterna i den här artikeln.
His arms stretched out in a hero pose, former international footballer Michael McIndoe milks adulation as a spray of champagne rinsing over him. The 35-year-old did not celebrate a cup triumph but the millions flow through his accounts from an alleged £30 million investment program that ensnared a string of top-flight players. Pictures have now appeared on McIndoe 2011 - at the height of his plan - surrounded by beautiful women and empty champagne bottles as he veered in a millionaire playboys lifestyle in Marbella with a limitless credit card and a lot of cash. Former Wolves and Coventry player Michael McIndoe celebrates in Marbella during the height of his plot. A staff in the beach bar lifts a Methuselah champagne bottle out of an ice bucket. Another former footballer revealed that McIndoe had spent £40,000 on champagne in one day. McIndoe (other from the right) parties in Marbella using money earned from the elaborate system. McIndoe joined Luton Town, made his debut in 1998 and played for the Hatters 39 times before joining Hereford on a free in 2000. Yeovil then took advantage of Bull's financial predicament and unbuttoned him for £25,000 the following year. He scored 22 goals in 91 outings for Glovers, winning promotion from the 2003 conference before joining Doncaster for £50,000. McIndoe twice scored PFA Team of the Year with Rovers and was his side's joint-top scorer in 2004-05 with 12 goals. He twice represented Scotland's B-side during his time at Rovers. After a loan spell with Derby, he joined Barnsley then Wolves, on loan again, before the deal was made permanent for £250,000. He signed a three-year contract with Bristol City in 2007 and scored the winner against Crystal Palace in the second leg of the 2008 Championship play-off semi-final. They lost out to Hull at Wembley and McIndoe had one more season at Ashton Gate before joining Coventry. He also had a short loan stint at MK Dons. But the former Wolves and Coventry midfielder, accused of persuading 300 stars including Jimmy Bullard as well as a strict lower league player to bet with him, is now being investigated by police. He was forced into a bankruptcy court with debts approaching £3 million earlier this month where he claimed to be impoverished and living on charity by friends and family. The Metropolitan Police are investigating and have begun questioning victims and associates. "He was Mr. Big in Marbella, buying lots of champagne and girls everywhere. He even had a bodyguard, said a footballer, who lost around £75,000 in the system, promising a 20 percent return on investment. McIndoe, from Edinburgh, hired pop star Alexandra Burke to perform at a party and invested in a private member club, in London. But it was in Marbella that McIndoe indulged in the lavish lifestyle - shown in these exclusive pictures - he could not afford as his playing career ended in non-league football. He rented a modernist house building of £2 million for £27,000 a week for a three-week holiday round and spent £40,000 on champagne in one day at a beach club party. Friends had bottles of champagne and vodka at their tables when they went to nightclubs. McIndoe celebrates points for Doncaster against Arsenal in the 2005 League Cup. McIndoe with girlfriend Emma Frain during one of his vacations in Spain. McIndoe used the promise of 20 percent return on people's money to fund his champagne lifestyle. The former Scotland B player rented a £27,000-a-week mansion for a three-week vacation in Spain. "There were lots of girls and lots of drinks," said the player, who had become friends with McIndoe when he was a young apprentice at the same club. He spent money you've never seen before. McIndoe was photographed lounging on a white sofa with his then girlfriend, model Emma Frain, smoking a huge cigar while surrounded by friends as he pounded their luxury vacation. The player added that McIndoe targeted fellow professionals and businessmen football supporters and initially gave them the 20 percent return paid each month in cash. The system sucked in around 300 players and the former QPR and Hull star Bullard are believed to have lost around £600,000 which prompted him to go on the ITV reality show, I'm A Celebrity Get Me Out of Here. He told original investors to involve other "clients" and they would be rewarded. McIndoe and his friends at the Ocean Club in Marbella where "beds" can cost up to 7,950 euros (5,790 pounds) More than 60 bottles of Veuve Cliquot Champagne are empty at a party funded by McIndoe in Marbella. Large bottles of the expensive Dom Perignon champagne are buried in an ice bucket. Jimmy Bullard (formed here in 2011) was one of the investors, and is believed to have lost around £600,000. McIndoe lived at the five-star Mayfair Hotel, paying £4,000 a week for a suite, and also rented a Belgravia apartment for a deferred £150,000 annual fee, allegedly. He ran glitter parties at celebrity nightclubs including Funky Buddha, in London, and drove around in a Bentley and a Maybach. He was reportedly playing heavy before the system crashed and is said to have gone through £1m on bets with a bookmaker for a year. "He had the gift of gab but was very caged if the pitch, says the money was in property, gold or City investments," added the player, who declined to be named. People were convinced when they saw him pay, but then he shut down the plan. He told me to wait and that I would be a rich man. McIndoe celebrates the sinking of Crystal Palace to reach Wembley in 2008. But he was comforted by Wayne Brown after Bristol City lost the 2008 Championship Play-off final to Hull. Another person caught by the former Scotland B international was the glamour model Georgia Eden, which was one of 30 women hired to participate in club nights organised by McIndoe. In total, McIndoe would pay the model agency which organized the women £12,000, but the money never materialized. Speaking to the Daily Record, Eden said: “We were asked to mingle and talk to guests at the club. The organizers said that they were really happy with what we had done and we were told that we would be paid within 30 days. Georgia Eden was one of 30 models hired to attend an event set at a club by McIndoe. But Eden and her colleagues were never paid for their work with the agency, which was said to owe £12,000. McIndoe (right) in action play for his former club Wolves against West Bromwich Albion in 2007. "That date came and went and a lot of excuses were made to the agency. "Having so many girls booked for a job was a big deal so it was a big disappointment not to get paid for the work we had done." McIndoe went bankrupt last October with reported debts of £2.4 million. He told the London bankruptcy court this month that he had no income and lived on £13,900 surplus from the sale of his mother's house but £6,000 of it had been given to his girlfriend, who lives in Epping, Essex. "That money has been short of time so I have received help from friends and family," he told the hearing. He added that he did not work and live with his mother in Edinburgh or lived with a friend in London. After the hearing, he faced allegations from creditors that he had not answered their questions about repayment. "I have nothing to say, I can't comment on this," he said. The hearing was adjourned until 25 March and he must attend a meeting with the receiver later this month. Unfortunately, we do not currently accept comments on this article. Summarize the highlights of this article.
Michael McIndoe övertalade fotbollsspelare att delta i investeringsprogram. Investerare i systemet uppges ha förlorat sammanlagt 30 miljoner pund. Tidigare Wolves och Coventry mittfältare spenderade pengar på en påkostad livsstil. Bilder har uppstått av McIndoes livsstil från höjden av planen. McIndoe förklarade sig senare i konkurs och får nu stöd av sin familj. Jag är en kändisstjärna som Jimmy Bullard trodde har förlorat 600 000 pund.
Michael McIndoe persuaded footballers to participate in investment programs. Investors in the system are reported to have lost a total of £30 million. Former Wolves and Coventry midfielders spent money on a lavish lifestyle. Pictures have arisen of McIndoe's lifestyle from the height of the plan. McIndoe later declared bankruptcy and is now supported by his family. I'm a celebrity star Jimmy Bullard thought lost £600,000.