Former football club chairman charged after fraud inquiry into £10m stadium loan

Northampton: So, it looks like the former chairman of Northampton Town FC, David Cardoza, and four others are in some serious trouble. They’ve been charged after a lengthy police investigation into a fraud case involving a £10 million loan for a stadium redevelopment.

This whole mess is set to hit the courts soon. The charges against Cardoza, his dad, and the other guys will be heard at Northampton Magistrates’ Court on Thursday. It’s a big deal, and people are definitely paying attention.

Cardoza, who’s 54, along with his 80-year-old father and three other men, are accused of conspiring to commit fraud between 2013 and 2015. They allegedly made false claims to the Northampton Borough Council about how the loan money would be used.

Instead of just going towards the stadium and a hotel, it seems like things went a bit sideways. The police are saying that the Cardozas are also facing charges for abusing their positions, which is a serious accusation.

There’s a lot more to this story, including some hefty sums of money being transferred around that raised eyebrows. It’s all part of a larger investigation that’s been going on for nearly a decade now, and it’s about time someone’s facing the music.

With nearly 1,000 witness statements collected since the police raids back in 2015, this case is shaping up to be quite the spectacle. Everyone’s waiting to see how it all unfolds in court.