Yesterday, Reform UK leader Nigel Farage resigned his seat in the House of Commons and immediately announced he would stand in the by-election triggered by his resignation. This nearly unprecedented maneuver has its origins in a messy story involving crypto billionaires, convicted fraudsters, and a trickle of ever-more serious revelations that may prove to be Farage’s Watergate.
The saga began in late April, when The Guardian unearthed that Farage had accepted a £5 million donation in April 2024 from Christopher Harborne, a British–Thai crypto billionaire. Much like in the United States, British rules require political donations to be registered. The donation, made out to Farage instead of his party Reform UK, was not.
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