Former hedge fund manager Crispin Odey said “that’s bad news” after he was banned from driving for a year over speeding four times.
Odey, 67, told Bromley Magistrates’ Court on Friday that he was not used to 20mph speed limits after he was caught speeding in a 2014 Range Rover Vogue in London between October 2025 and February 2026.
He already had nine points on his licence and was previously banned from driving, the court heard.
A further 13 points were added to his licence and he was disqualified for 12 months, the court heard.
On the recent speeding, magistrate Sonia Case told Odey: “We don’t come across many people who have become totters in that period of time.”
Odey asked “is that a record?” after he was made to pay a total of £3,858, including the fine and the court and prosecution surcharges, and Ms Case replied: “It’s a record for me.”
Asked if he had driven to court, Odey replied: “I wasn’t that optimistic.”
When told of his ban, the defendant said: “That’s bad news.”
The court heard that he drove 31mph in a 20mph zone near Vauxhall Bridge, south London, on October 29 last year.
On December 27 2025, he drove 30mph in a 20mph zone in Wandsworth, south-west London, and then two days later was caught speeding at 5mph over the 20mph limit on Chelsea Embankment, it was said.
He was then caught speeding at 30mph in a 20mph zone on February 14 2026, but further details were not set out.
It comes after the Financial Times (FT) said last month that Odey had dropped a £79 million High Court libel case against the newspaper.
He was suing the publication over several articles published in 2023, which contained allegations he had sexually assaulted multiple women, which he denies.
The FT said that Odey’s lawyers sent a letter to the newspaper on April 10 stating that he had been “forced to accept” that the publication was “likely to succeed in establishing” its public interest defence.
Odey was fined £1.8 million and banned from the UK finance industry in March last year over how he handled disciplinary processes into his alleged sexual misconduct at his firm, Odey Asset Management (OAM).
He is taking legal action against the Financial Conduct Authority, which ordered the fine.
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