Adviser brothers admit £17.5m investment fraud

To be sentenced in April

Jenna Towler
clock • 2 min read

Norwich-based financial advisers Alan and Russell Taylor have been convicted of orchestrating a £17.5m fraud which conned more than 200 elderly and vulnerable clients.

The brothers used their financial advice business, Taylor and Taylor Associates, to run their fraudulent activities over a six-year period. They pleaded guilty to conspiracy to defraud at Norwich Crown Court. The Crown Prosecution Service (CPS) said the pair targeted retirees, or those approaching retirement, to persuade them to invest in a high-risk scheme called the Vantage Trader Fund. The pair told clients the fund was totally safe but it was, in reality, a high-risk contracts for difference arrangement. The CPS said contracts for difference were effectively bets on stoc...

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