Demon Internet In the early 1990s
Pipex began marketing
leased line internet connections for £10,000 a year. After recruiting 200 subscribers willing to pay a "tenner a month" for
dial-up internet access, in 1992 Stanford co-founded Demon Internet, the first
Internet service provider in the United Kingdom for individual subscribers. Based in
Finchley, north London, and initially equipped with eight modems and a single leased line, the company grew quickly, particularly after the appearance of the
World Wide Web in 1993. By 1996 Demon Internet had 50,000 subscribers and more than 4,000 modems.
Redbus Investments Following the sale of Demon Internet to
Scottish Telecom in 1998 for £66 million, Stanford founded
Redbus Investments, a
venture capital firm involved in film production and a variety of other ventures. Redbus Investments provided seed capital for a number of investments including
Redbus Interhouse and
Redbus Film Distribution. After a boardroom fall-out at Redbus Interhouse, he resigned in June 2002. In 2003, whilst attempting to gather information about possible wrongdoings by the board of Redbus Interhouse, Stanford discovered and exposed more than £34m of assets of
Dame Shirley Porter. This resulted directly in her repaying £12m to
Westminster Council. In September 2005 Stanford was convicted under the
Regulation of Investigatory Powers Act 2000 of intercepting emails belonging to
John Porter, son of Dame Shirley and then chairman of Redbus. Despite pleading guilty, Stanford claimed that what he had done was legal as "someone on the inside ... put in a redirect". He was given a
suspended sentence, ordered to pay a fine of £20,000 and, in a later hearing, was denied
leave to appeal. ==Personal life==