Mike Rutherford In Cash Loss Warning
Genesis co-founder Mike Rutherford says he’s been the victim of foul play by a polo player who rented a house from him but never paid up.
The guitarist has lost £50,000 – and believes he’s just one of many people who have fallen for the performance of Simon Welsh, who’s believed to owe more than £300,000.
Rutherford, a keen player of the sport played on horseback, allowed Welsh to move into his villa in Sotogrande, Switzerland. After a few months Welsh stopped paying the rent.
And it’s not the only debt he ran up: internet entrepreneur Julian Worth says he’s owed £150,000 and professional polo player Jack Kidd is missing up to £95,000.
Rutherford tells the Telegraph: “Mr Welsh’s money appears to have run out in February, which is when he stopped paying the rent. What he has done – and what he will do again – is so morally wrong. The only way is to expose him.”
The guitarist has written a strong warning letter to polo clubs, saying: “Simon Welsh who seems to have made it his profession to fool as many people as possible – the list gets longer and his polo ambitions get bigger. Before anybody else is taken in by this individual I feel I should send out a severe warning to as many clubs and players as possible.
“He came to Sotogrande to play polo with his son. Having initially lavished money around buying polo ponies and making sure everyone knew he was very wealthy, the money stopped.
“He rented a house from me but never paid rent or bills for eight months. It seems he didn’t pay his grooms or local merchants. Then he left as quickly as he arrived.
“Having made enquiries I’ve heard that he did the same in Gstaad – he has a format which has to be stopped. It’s very wrong to allow someone to live like this and carry on a lavish lifestyle at the cost of so many innocent people.
“While I was touring with Genesis I visited and played polo in many great clubs around the world and the camaraderie of the sport was fantastic. I was lucky enough to make many good friends in those 25 years and luckily never came across a character like this.”
Welsh denies the allegations, telling the Telegraph: “There are two sides of the coin. If I was prepared to do a story to explain what that position is, what would you do for me? Obviously when the newspaper comes out it will ruin my ski weekend. I would just like to mention to everybody ‘have a nice Christmas’.”