The charges he pleaded guilty to involved sums of around £22000

The charges he pleaded guilty to involved sums of around £22,000.It appears that the Investors’ Compensation Scheme (ICS) recently engaged an expert to form an opinion on the claims made against RCI. They have recently learnt that the scheme that was set up to protect them under the Financial Services Act, the Investors’ Compensation Scheme, may not apply in their case.
In court it was said that Clive had been in charge of managing funds of around £10m at RCI, mainly on behalf of family and friends. He was said to have built up a portfolio of unquoted and illiquid investments for some of his clients and was allegedly forced into theft and false accounting in order to meet some of their claims. But students then felt the world was theirs and the movement was something extra Now students are thinking `we’re in trouble too’.”. Andrew Clive, a former investment director of Lazards Securities, a subsidiary of the blue-chip merchant bank, was jailed last week after pleading guilty in court to three charges of theft and false accounting Clive, educated at Eton and Cambridge, left Lazards eight years ago to set up his own investment company, RCI Portfolio Managers. This weekend it emerged that some of the investors who have lost money with RCI, which is now in liquidation, are trying to pursue claims against Lazards. And then there is the politics of identity where demands tend to be absolute and not submitted to political compromise.”Dr Hoschchild sums it up: “Perhaps the 1960s were exceptional: Vietnam was such a galvanising issue.

Today, people are even apologetic about using the word liberal,” said sociology professor Arlie Hoschchild.Some point also to the emergence of “identity politics” on campus, where groups with the same interests and social and ethnic backgrounds tend to band together, exclusively.Prof Neil Smelser, of Stamford University in California and a faculty member at Berkeley for over 35 years, sees the campus as “a microcosm of US society Traditional liberals are squeezed and very uncomfortable. This November, protests against the passage of California’sProposition 187, which denies social services to illegal immigrants, were so mild they went completely unnoticed.”In the 1960s, the words radical, left, Students For A Democratic Society were the buzzwords. But wandering along Telegraph Avenue among the homeless, the junkies and the hippies who hav e madethe south side of the university campus their stamping ground, it is hard to imagine the “magical fusion” of counter culture and political activism – the movement whose 30th anniversary was commemorated last week. Today, Telegraph Avenue sports street vendors selling jewellery and 1960s memorabilia amid run-down shops and leaflet-plastered telephone poles. Many of the once ritzy stores stand boarded and shut, seemingly for good.
People’s Park, the symbol of the struggle for freedom of speech here 30 years ago, remains a litter-strewn no-man’s-land, a refuge for drug dealers and homeless so protective of their turf it is almost impossible to stroll there even in broad daylight.At the Meditteraneum Cafe, the tables around which student radicals and political activists used to huddle are empty. I sat on the sidewalk sipping coffee and leafing through a Berkeley University “night safety guide”.”Freedom of speech now is the freedom to swear and get away with it,” volunteered a woman in her fifties at a table nearby after a homeless man, unhappy with the amount of change I gave him, unleashed a string of abuse.This feeling of loss was echoed by some veterans of the FSM. “What most upsets me about the movement was that at the end we lost so much free speech,” Richard Muller, now a professor of physics, told Berkeley paper the Daily Californian this week.Many this weekend will be comparing the 1960s struggle with the current campus movement to enforce political correctness, which seeks to prevent comment and artwork deemed racially offensive, but risks impinging on freedom of expression.The Free Speech Movement at Berkeley peaked between September and December 1964: students staged sit-ins, were arrested and walked out on strike until the university administration bowed to their demands and lifted restrictions on free speech.Berkeley, the most prestigious public university on the West Coast, still attracts a radical clientele, but there is no potent student political activism, even to protest civil rights injustice.

IN THE cafe-cluttered college city of Berkeley, California, vestiges of the “counter culture” and the Free Speech Movement of the 1960s are still evident. A century on, they transformed a dirt track high on their island home once more into the Road of Loving Hearts. Nomore fitting or enchanting tribute could be imagined for the romantic wanderer who regarded Polynesians as “God’s sweetest works”.. A personality clash deprived Mr Maughan of Stevenson artefacts from a private collection in Hawaii; a local contractor who was dismissed during the renovation work is suing him for £400,000; and the Samoan head of state (who officially owns the building) is said to be dissatisfied with the apartments afforded him in a wing of the house added after Stevenson’s death.The children who illuminated the way to Stevenson’s tomb last week with their candles and smiles, were blissfully unaware of such disputes. With the exception of an irrelevant sign above the main entrance proclaiming “Villa Vailima”, and a bad portrait of RLS with blue eyes (his eyes were brown), the refurbishment has been as authentic as possible.There have been discordant notes behind the scenes. Neither scheme has materialised, Mr Maughan having conceded that they were inappropriate.To his credit, the $2m restoration of the two-storey wooden mansion he has largely funded is admirable.

A few years ago, Mr Maughan bought the Southfork Ranch featured in Dallas, and turned it into a kind of theme park where visitors can watch re-enactments of the shooting of JR.Reports that Mr Maughan was planning to build a cable-car to Stevenson’s tomb, and install mechanical dolls of the author and his family at Vailima raised howls of protests. It concluded with a lyrical mime of Stevenson’s life by a magnificently tattooed chief accompanied by a choir crooning in Samoan.The American connection had raised misgivings among Stevensonians when it was learnt that the leader of the Vailima project was Rex Maughan, a millionaire who had served as a Mormon missionary in Samoa. The official opening of Vailima as a literary museum was enlivened by Samoan fire-dancers leaping and whirling on the lawn to the throb of nativedrums. When he died, an old chief eloquently expressed their grief: “Our beloved Tusitala. The stones and the earth weep.”The legend of Tusitala became part of Samoan folklore. When three American businessmen offered four years ago to restore Vailima, his Samoan home, it provided a stimulus and a focus for the centenary festivities.They began with a fancy-dress parade along the waterfront of the agreeably dilapidated little capital, Apia. During his sojourn on Samoa, RLS delighted the natives by taking up his pen in a quixotic crusade against the colonial intrigues of Germany, Britain and the United States.He admired the Samoans, and in return they became devoted to the man they called Tusitala (Writer of Tales).

And as the last notes of the Jacobite lament died away, a little girl in a pink frock stepped forward to place her candle on the tomb. Filoi Navilaau is a heart-stoppingly pretty child, and her face was radiant as she paid her tribute to the writer who led her to a place she calls Moto O Oloa (Island of Treasure).The ceremony was the simplest and most moving event in a week of centenary celebrations on the South Sea island where Stevenson spent most of the last five years of his life. The Scottish actors John Cairney and John Shedden recited his requiem in full.As dawn broke, a lone piper played “Flowers of the Forest” on a set of pipes made in Scotland four years before Stevenson’s death. Another placed a sprig of white heather from the Pentland Hills on the tomb. The white concrete sarcophagus, bearing Stevenson’s requiem and his eulogy to his wife whose ashes are interred with him, was adorned with bright yellow hibiscus flowers, fronds of palm leaves, and rows of candles.There was no fixed programme. A Scotswoman silently read from a book of Stevenson quotations. Now it was lined with children, each holding a candle to guide visitors from overseas to a trail through a rainforest to Stevenson’s grave near the summit of Mt Vaea.