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| Keane deal 'cost lotto man £3m' | Keane deal 'cost lotto man £3m' |
| (10 minutes later) | |
| A lottery winner has told a fraud trial that his links to the former Celtic director Dominic Keane cost him £3m. | A lottery winner has told a fraud trial that his links to the former Celtic director Dominic Keane cost him £3m. |
| Former nurse John McGuinness, 45, said he had lost his winnings after a multi-million pound deal involving Mr Keane went wrong. | Former nurse John McGuinness, 45, said he had lost his winnings after a multi-million pound deal involving Mr Keane went wrong. |
| Mr Keane is accused of duping Mr McGuinness into joining a partnership to fund a new stand at Livingston FC. | Mr Keane is accused of duping Mr McGuinness into joining a partnership to fund a new stand at Livingston FC. |
| The 54-year-old has denied the charges. The trial at the High Court in Edinburgh continues. | The 54-year-old has denied the charges. The trial at the High Court in Edinburgh continues. |
| Football fan Mr McGuinness put up life assurance bonds security against Royal Bank of Scotland loans for the £2.3m project to build the new stand. | Football fan Mr McGuinness put up life assurance bonds security against Royal Bank of Scotland loans for the £2.3m project to build the new stand. |
| However, when the project ran into problems, he was sued when the bank wanted their money back. | |
| Advocate depute Alastair Brown, prosecuting, asked him: "Have you any idea how much you lost?" | Advocate depute Alastair Brown, prosecuting, asked him: "Have you any idea how much you lost?" |
| Mr Keane said it was for the club and I was just trying to help the football club John McGuinness | Mr Keane said it was for the club and I was just trying to help the football club John McGuinness |
| Mr McGuinnes told him: "Maybe three or four million pounds, three million pounds." | Mr McGuinnes told him: "Maybe three or four million pounds, three million pounds." |
| "Have you got anything left?" asked Mr Brown. Mr McGuinness said: "No." | "Have you got anything left?" asked Mr Brown. Mr McGuinness said: "No." |
| He said he was now "unemployed" after giving up his job as a nurse following his lottery win in 1996 and lived on the interest. | He said he was now "unemployed" after giving up his job as a nurse following his lottery win in 1996 and lived on the interest. |
| He told the court how he had met Mr Keane and former Celtic director William Haughey, 53, and joined the pub business they were running. | He told the court how he had met Mr Keane and former Celtic director William Haughey, 53, and joined the pub business they were running. |
| He said he became a director in the venture with a monthly income after investing £600,000. | He said he became a director in the venture with a monthly income after investing £600,000. |
| His links with the business led to him becoming involved with Livingston FC, where Mr Keane became a director in April 1998. | His links with the business led to him becoming involved with Livingston FC, where Mr Keane became a director in April 1998. |
| Payment guarantees | Payment guarantees |
| He said he had discussions with both Mr Haughey and Mr Keane about the need for a new stand if the club was to achieve its ambition of reaching the Scottish Premier League. | He said he had discussions with both Mr Haughey and Mr Keane about the need for a new stand if the club was to achieve its ambition of reaching the Scottish Premier League. |
| Mr McGuinness was shown a partnership letter dating October 1999, bearing his name. | Mr McGuinness was shown a partnership letter dating October 1999, bearing his name. |
| He said he did not remember anything of the circumstances which led him to sign it. | He said he did not remember anything of the circumstances which led him to sign it. |
| Mr Keane denies fraudulent activity between 1999 and 2001 | Mr Keane denies fraudulent activity between 1999 and 2001 |
| Mr Brown asked if he remembered who asked him to sign it: "I assume it was Dominic and Willie," Mr McGuinness replied, but agreed that was just an assumption. | Mr Brown asked if he remembered who asked him to sign it: "I assume it was Dominic and Willie," Mr McGuinness replied, but agreed that was just an assumption. |
| He was also shown loan agreement documents, which he signed in April 2001, when the Royal Bank refinanced the outstanding loan to the supposed partnership. | He was also shown loan agreement documents, which he signed in April 2001, when the Royal Bank refinanced the outstanding loan to the supposed partnership. |
| He acknowledged that the paperwork made him liable to repay the money, along with the other two, but did not seek any financial advice. | He acknowledged that the paperwork made him liable to repay the money, along with the other two, but did not seek any financial advice. |
| "Mr Keane said it was for the club and I was just trying to help the football club," he told the trial. | "Mr Keane said it was for the club and I was just trying to help the football club," he told the trial. |
| He said he would not have signed if he thought Mr Haughey knew nothing about the arrangement, or if he suspected there had been a forgery. | He said he would not have signed if he thought Mr Haughey knew nothing about the arrangement, or if he suspected there had been a forgery. |
| He added that he signed the loan agreement because Mr Keane had told him it was necessary and because Mr Haughey's signature was already there. | He added that he signed the loan agreement because Mr Keane had told him it was necessary and because Mr Haughey's signature was already there. |
| Earlier, the court heard from handwriting experts who cast doubt that Mr Haughey's signature on the 2001 loan agreements was genuine. | Earlier, the court heard from handwriting experts who cast doubt that Mr Haughey's signature on the 2001 loan agreements was genuine. |
| Mr Keane denies engineering a fraud scheme between October 1999 and April 2001 which obtained £2.3m in overdrafts, loans and payment guarantees from the bank. | Mr Keane denies engineering a fraud scheme between October 1999 and April 2001 which obtained £2.3m in overdrafts, loans and payment guarantees from the bank. |