Sorry guys, I can't link the full article (as I don't know how) but this is the address.
http://www.highbeam.com/doc/1G1-111236724.html
This is the news article (only in part as it is now archived) but this guy I know personally and he was made up to an Elder a couple of years ago:
A BIRMINGHAM technician who went bankrupt after losing almost pounds 100,000 on rash speculations on the stock market has been ordered to do 200 hours' community punishment. Nikolaos Platidis, 31, of Dacer Close, Stirchley, admitted a charge under the Insolvency Act.
This was revealed in the Birmingham Evening Mail at the time and many members of the congregation were aware of it.
So how did he become an Elder? Or more importantly, how was he never reproved and removed from his position as a MS?