An £80,000 watch collection, £1m home and £150,000 Aston Martin - what the Taylor brothers spent clients’ cash on
PUBLISHED: 16:00 03 May 2018 | UPDATED: 17:24 03 May 2018
These pictures show some of the luxury goods fraudster brothers Alan and Russell Taylor bought with the cash of their victims.
The Norfolk financial advisors used their Hoveton-based company, called Taylor and Taylor Associates, to defraud 237 customers.
They moved around £17m of clients’ cash to another firm called Vantage Investment Group without telling the investors they also owned Vantage and that they were putting their money into a high-risk fund.
Detective Chief Inspectors Liz Fernandes said: “The victims had worked hard to accrue their pension funds and trusted the Taylors to make wise investment decisions for them.
“Instead they used the money for their own personal gain, frittering away their illicitly gained funds on items such as expensive cars and their own private boat bought by the business.”
Assets seized by police include:
-A £1 million property bought in Witton, Norfolk, by Russell Taylor
-A £45,000 boat bought through the business
-A watch collection worth around £80,000 owned by Alan Taylor
-An Aston Martin Volante worth approximately £150,000 and owned by the brothers
On Thursday Alan Taylor was jailed for six years at King’s Lynn Crown Court, while Russell Taylor was sentenced for five years.