A year and a half ago this dotty old dolt was going on about this nonsense:
http://www.youtube.com/watch?feature=player_embedded&v=SlwJPFEZ_-I
If there is some fraud going on, instigated by this "Foundation X". the best I can conclude is that Lord James himself is the sole target, and that there's really nothing of general importance or interest here. EVEN IF THERE IS, Lord James scattered ramblings are not going to be an effective entree into the scandal.
Best not get too worked up.