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To: UnBelievable who wrote (48176)12/15/2000 12:39:56 PM
From: Les H  Respond to of 436258
 
Ex-trader found unfit to stand trial

A former City fund manager, who nearly died after repeated
attempts to castrate himself and become a woman, has been found
unfit to stand trial for an alleged £220 million fraud.

Peter Young, a father of two, who now calls himself Beth and
dresses as a woman, was overwhelmed with stress after bosses
began probing his dealings four years ago.

The bespectacled six footer and diagnosed schizophrenic began to
think he was a woman in a man's body. He grew his brown hair
below his shoulders and added pink dresses, blouses and
high-heeled shoes to his wardrobe.

London's Southwark Crown Court was told that the once brilliant
Oxford graduate, who used to manage investments totalling £1.2
billion as a fund manager for Morgan Grenfell Asset Management,
finally began hearing voices. The 42-year-old told psychiatrists that
one of the voices was male, while the other belonged to a female
called Sarah who kept telling him to become a woman.

In the end, his 'passion' to change sex resulted in the former
high-flier suffering appalling injuries as he variously used a craft
knife, a length of fishing line and, finally, a pair of scissors in a bid to
rid himself of the manhood he had come to hate.

On one occasion, he sat for two days bleeding from a gaping wound
before he finally sought help, although it was too late to save one of
his testicles. After the last bout of self-mutilation, in August, he
suffered a severe infection and nearly died.

An initial "trial of issue" hearing at the Old Bailey to decide his fitness
failed to produce a verdict. But this time the jury of six men and six
women, who had spent a fortnight listening to often complex medical
evidence, took just five hours to unanimously decide that he was
"under such disability of mind" he was not fit to stand trial.

Twice-married Young, who once earned £300,000 a year and now
lives at an undisclosed address in Surrey, showed no reaction as the
foreman announced their decision under the 1964 Insanity Act.
Minutes later, he left the court in a cerise top, grey-flecked skirt,
high-heeled shoes and carrying a purple shoulder bag.

He now faces a further hearing next week when a separate jury will
be asked to decide if he "did the acts" alleged against him. Such a
finding would enable the court to order medical treatment for him.

The court heard that concerns about Young's dealings were raised
when he allegedly began speculating for personal gain and in areas
Morgan Grenfell would not have approved of. According to the
Crown, he used some of the cash - £350,000 - to buy the former
family home in Amersham, Buckinghamshire.