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FD jailed for defrauding Dragons' Den star

10 November 2015

FD Christopher Watson has been jailed for 4 years and 8 months after admitting defrauding businesses owned by Duncan Bannatyne of nearly 8m.

Watson, who earned 85,000 a year, used the cash to cover betting debts. He owed one bookmaker 5.4m - that is some credit line!

Watson also used the money to buy several properties.

In a court statement the Dragons' Den star, Bannatyne, said at one point he wanted to increase staff wages but was told by Watson his companies didn't have the cashflow!

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