NTS

Diarmid Hearns from the NTS says Berwick Bank could prevent further developments from going ahead.

Led by Kim Galdamez, who DJs and hosts a show at the online radio station NTS Radio, Born for Burning has since brought international bands to Los Angeles, booked tours and organized events across the country.

After sentencing, NTS chairman Lord Bichard said Foster's "cruel exploits left thousands of victims in serious debt, causing lasting emotional distress and significant financial pressures".

Money from the scam was laundered through UK bank accounts before being transferred to Spain, or carried in cash on commercial flights by co-conspirators, the NTS said.

Foster bought high-end watches and cars with his share of the proceeds, while many victims told NTS investigators they had been left financially and emotionally devastated and felt humiliated and betrayed.