Former Manchester United manager Sir Alex Ferguson
and ex-England boss Sven Goran Eriksson are among the 780 investors spread
across 39 partnerships.
Businessmen poured £2.2billion into the film
investment schemes, with Revenues & Customs informing advisers it would be
demanding sums far in excess of those invested.
The scheme enabled investors to avoid paying tax to
the government through buying and renting back Hollywood blockbuster movies to
film studios.
Nick Wood, an adviser for hundreds of investors in
the Eclipse 35 partnership, told The Times: 'I think there will be people
potentially jumping off bridges.
'My expectation is, out the 780 people involved, I'd
think it highly likely that up to 600-700 would go bankrupt.'
An investor to the scheme who stumped up £200,000,
for example, could be expected to pay back somewhere between £2million and
£4million.
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