Skip to content
Thursday 10 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,670.06
-1.31%
DAX
25,576.45
-1.66%
CAC 40
8,156.67
0.00%
STOXX 50
6,311.56
-1.58%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Thursday 10 September 2026 1:28 am  |  Updated:  Wednesday 09 September 2026 6:36 pm

Nigel Farage has never been far from danger his entire career

By: Simon Hunt

City Editor

Add as a preferred source on Google
Nigel Farage close-up, looking left, with a microphone near his ear, against a dark background
Those around Nigel Farage have sailed close to the wind

Cast your eye over Nigel Farage’s CV and you realise he is a man who never seems far from danger.

At the start of his career in 1982 he joined the notorious US investment bank Drexel as a commodities trader. Drexel would collapse eight years later after its senior executive, Michael Milken, was sent to prison and fined $600m after pleading guilty for violating securities law (he was later pardoned by Donald Trump).

In 1986, Farage joined Credit Lyonnais, the French bank which in 1991 took over struggling US insurance business Executive Life, via an illicit ownership structure that concealed its true control over the business. Credit Lyonnais ultimately agreed to pay a $771m settlement over false statements to regulators in connection with the deal.

Then in 1994 Farage joined Refco, a New York-based broker which later collapsed after its British chief executive was sent to prison for illegally concealing more than $400m of bad debts (he was later deported back to the UK).

In 2003 Farage joined Natixis, the French investment firm which five years later revealed a $600m exposure to the Ponzi scheme orchestrated by infamous Wall Street scammer Bernie Madoff (Madoff later died in prison).

Farage now finds his nascent party, Reform UK, caught up in a police investigation over its handling of donations that could turn out to be illegal. He and the party deny any wrongdoing.

I should be clear: There’s no suggestion that Farage was involved in any of the criminal activity in the array of finance firms he worked for before quitting the City to enter politics.

For decades, though, he has been in the professional orbit of people who have sailed very close to the wind. That does not make him guilty by association, but it may mean that, as he seeks to forge a path to power at the next general election, he may have more landmines to dodge than most.

Read more

Farage vows to call ‘national emergency’ on day one

Nigel Farage in Parliament, addressing a female clerk holding a document, with other parliamentarians in the background.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Opinion

People & Organisations

  • Bernie Madoff
  • Nigel Farage
  • Reform
  • Reform UK
  • scandal

Trending Articles

  • Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis

  • Airport chaos latest: Heathrow, London City ‘starting to recover’ after air traffic control failure

  • Hedge fund billionaire Chris Rokos joins UK wealth exodus 

  • Five lenders hike mortgage prices as interest rate threat looms

  • As it happened: FTSE 100 dives as oil prices surge past $100 in blow to inflation

More from Morning Wire

  • Farage vows to call ‘national emergency’ on day one

    Politics
    Nigel Farage in Parliament, addressing a female clerk holding a document, with other parliamentarians in the background.
  • Nigel Farage wins in Clacton – and triggers investigation

    Politics
    Nigel Farage, in a striped jacket and sunglasses, speaks outside a polling station.
  • Reform UK donations sting ‘looks bad,’ admits Farage

    Politics
    Nigel Farage in a light blue suit and red polka dot tie, speaking with hands raised, at a public event.
  • ‘If that isn’t a business interest, I don’t know what is’ – Reform in donor sting crisis

    Politics
    Nigel Farage speaking at Reform UK rally in Birmingham, February 2026, addressing supporters in a crowded venue
  • Farage: Foreign donations row is ‘loose pub talk’

    Economics
    Nigel Farage at a Reform UK conference, gesturing from a podium with the party logo and CONFERENCE 2026 in background
  • Reform’s Richard Tice under parliamentary investigation

    Politics
    Reform UK leader Nigel Farage and Deputy Leader Richard Tice are set to meet with Andrew Bailey to discuss interest rates and stablecoins.
  • Met Police investigates Reform UK over potential breach of electoral law

    Politics
    Nigel Farage’s party won a barnstorming victory in previously-Tory Kent in May’s local elections, alongside nine other county councils, in part over promises to slash spending. (Photo by Lia Toby/Getty Images)
  • ‘They want business on board’: How Reform UK is wooing City chiefs at its conference 

    Politics
    Reform UK leaders Nigel Farage, Richard Tice, and others smiling on stage against a blue background
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook