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Tate has denied the claims in a written defence submitted to the High Court, calling them a "pack of lies" and "gross fabrications".

He was telling his story — no lies, no fabrication.

They use misleading claims and even outright fabrications to lure in unsuspecting investors.

A new company was found, the fabrication truly European: spindle from the Czech Republic, cables and curved glass from Italy, capsules from France, the main structure from the Netherlands.

He said that the party rarely stands for issues that can energize the base, wasting all of its energy responding to a fabrication in GOP voters' heads.