The Channel logo

News

By | Pete Morris 22nd April 2009 12:57

Dead PC tycoon's estate eaten up by credit card debts

Forsyth saga comes to an end

Disgraced PC-tycoon Charles Forsyth died almost penniless, according to the administrator of his estate. High-living Forsyth, who left a legacy of four crashed computer companies and served a three and a half year prison sentence, died last year of a heart attack aged just 49.

The public-school educated Forsyth, who was heir to the title of one of Scotland’s most famous clans and grew up in a castle, had been living in North London and working – without much success - as a car salesman when he died suddenly.

“It was not a very big estate," said John Kynnersley of FBC Manby Bowdler, who acted as Forsyth’s administrators. “Most of it was eaten up by credit card debts.”

Forsyth – who had remarried and been using the name Peytchev-Forsyth since his release from prison in 2006 – had been jailed for his part in the collapse of Personal Computer Science (PCS) which crashed in 1999. In 2001 Forsyth fled the UK, eventually being extradited from Australia to serve his sentence.

Forsyth had left a trail of destruction through the PC industry of the late 1980s and 1990s, with the collapse of a string of companies – an Edinburgh Apricot Computerworld franchise, PC makers Northern Technology Systems (NTS), East Lothian-based PC vendor Multiplex, which collapsed in the mid-1990s and finally Yorkshire-based PC-builder Personal Computer Science (PCS), which imploded in 1999. He used the companies as ‘cash cows’ to fund a high-rolling lifestyle that included a string of classic cars and a yacht.

Had Forsyth lived he would have inherited the title Baron Ethie, and feudal rights to a large estate in Scotland, which will now pass to his brother. Charles Forsyth was married twice, and had three sons by his first marriage. ®

comment icon Read 7 comments on this article alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust