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Retrial for men accused of helping Reds' owner 'deceive market'

By adam civico, Assistant Editor Wednesday 8th August 2012

Three businessmen accused of helping Barnsley FC owner Patrick Cryne make millions of pounds by deceiving the stock market are facing a retrial.

 

Former iSoft Group directors Stephen Graham, 48, Timothy Whiston, 44, and John Whelan, 45, allegedly plotted with Tykes boss Cryne, 62, to create 'huge discrepancies' in the firm's publicly published accounts to mislead investors.

 

They had been on trial at Southwark Crown Court in a hearing that lasted three-and-a-half months. But after two weeks of deliberations the jury was unable to reach a verdict and was discharged by judge Anthony Leonard QC on Wednesday.

 

A date for the retrial will be fixed on September 7.

 

Cryne had not appeared before the court after becoming unwell since proceedings began.

 

After the jury was dismissed a spokesman for the Financial Services Authority, which is prosecuting the men, said: "The FSA will consider its position for a retrial."