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Two Ex-JJB Sports Executives Charged Over Misleading Statements

Feb. 8 (Bloomberg) -- Former JJB Sports Plc Chairman David Charles Jones and his son, Stuart Mark Jones, were charged over misleading statements made by the company to investors in 2009, prosecutors said.

The men were charged at a criminal court in Leeds, England today, the Serious Fraud Office said in a statement. David Charles Jones, 70, who was the executive chairman of the sporting goods retailer from January 2009 to January 2010, is accused of making two misleading statements and forgery.

His 38-year-old son, who was the head of marketing at JJB Sports in February 2009, was accused of helping his father violate a forgery law. Both men live in West Yorkshire in the north of England.

JJB Sports, founded in the 1970s by former professional soccer player David Whelan, collapsed in 2012 after it struggled to cope with increased competition from supermarkets and rivals such as Sports Direct International Plc. The company’s administrators, KPMG LLP, said it would close most of its stores in October.

To contact the reporter on this story: Lindsay Fortado in London at lfortado@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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