According to CryptoGlobe, the London Football Exchange (LFE) founder Jim Aylward has admitted to manipulating the price of cryptocurrency on his platform. Gareth Parker of News Talk 6PR claims to have obtained Aylward's recording, and he acknowledged manipulating the price of LFE tokens by holding the majority of the supply of tokens and manipulating investors. The audio was allegedly sent to employees involved in the LFE project. The report also stated that Jim Aylward, who was interested in acquiring the Perth Glory FC football club, was a pseudonym of James Abbass Biniaz, who was arrested for VAT fraud in 2010. In addition to the audio disclosed, the report also stated that a Miami-based investment company called 777 Partners has filed a lawsuit against LFE in the Supreme Court of the State of New York in connection with a bid to buy a Spanish La Liga club.