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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.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 McGuinnessMr 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 guaranteesPayment 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 2001Mr 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 expert James McGinley, who said "significant differences" existed between Mr Haughey's signature on the 2001 loan agreements and samples he had later provided.
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.