Levene resigns

ORIENT S troubled vice chairman Nick Levene has resigned. The club made a short statement this week saying that the city financier had tendered his resignation, but refused to make any further comment. Eddie Hearn, son of club chairman Barry, has been nam

ORIENT'S troubled vice chairman Nick Levene has resigned.

The club made a short statement this week saying that the city financier had tendered his resignation, but refused to make any further comment.

Eddie Hearn, son of club chairman Barry, has been named as his replacement.

Levene, a derivatives trader, who apparently went missing while allegedly owing his clients �200m, has not been seen at the club recently.

He was recently declared bankrupt, and is alleged to have taken millions from clients, but failed to invest the cash.

Louise Brittain of Deloitte said an investigation had begun into the trader's financial affairs.

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She told Sky News: "Over the next few days we will be trying to discover the scale of the creditors' losses and what assets are left. This is a complex case that involves gathering evidence in a number of different countries.

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