Chapelford conman behind bars after running a £4.4m Ponzi scheme

Warrington Guardian: Chapelford conman behind bars after running a £4.4m Ponzi scheme Chapelford conman behind bars after running a £4.4m Ponzi scheme

A FINANCIAL advisor likened to the ‘Wolf of Wall Street’ is behind bars after running a £4.4m Ponzi scheme.

Conman Stephen Evans, of Orlando Drive in Chapelford, splashed the cash on flash cars, expensive holidays, jewellery and ran up £100,000 bar bills.

Over three years he enjoyed a luxury lifestyle with other people’s money, similar to 1990s conman Jordan Belfort whose memoir was recreated in recent Leonardo DiCaprio blockbuster The Wolf of Wall Street.

The 30-year-old spent £1.5m on supercars including a lime green Lamborghini, a Porsche 911, Bentleys and Mercedes as well as thousands of pounds on holidays to New Zealand.

Detective chief inspector Dave McCaughrean said: "Stephen Evans mistakenly thought he could get away with spending the money of honest and hard-working people who trusted him.

“Following an intricate year long investigation, Evans has been convicted of 10 counts of fraud and one of converting criminal property and received over five years in prison.

”Our officers in the economic interventions team will work relentlessly to target criminals who think they can profit from crime and live the high life.

“This is completely unacceptable and I would like to reassure the community that this is a priority for the force and we will always act on any information provided by the public.

”I hope the sentence brings some measure of closure and a sense of justice to the victims and their families.”

An investigation is now underway to recover the assets of Evans under the Proceeds of Crime Act.

Comments (3)

Please log in to enable comment sorting

3:56pm Wed 23 Apr 14

Geordie1970 says...

The first thing I think of when I hear Ponzi scheme is Seinfeld.
The first thing I think of when I hear Ponzi scheme is Seinfeld. Geordie1970
  • Score: 1

7:56pm Wed 23 Apr 14

local man says...

The first think I think of is a fool and his money are soon parted. Why anyone hands their cash over to a financial adviser to invest for unbelievable returns I will never know, do people never learn ?
The first think I think of is a fool and his money are soon parted. Why anyone hands their cash over to a financial adviser to invest for unbelievable returns I will never know, do people never learn ? local man
  • Score: 0

10:18pm Wed 23 Apr 14

Karlar says...

local man wrote:
The first think I think of is a fool and his money are soon parted. Why anyone hands their cash over to a financial adviser to invest for unbelievable returns I will never know, do people never learn ?
Many of our well known banks have been divesting many of their hard earned money for some time and according to the laws of land, legally. As far as I am aware none of their smooth operators have been hauled before the courts for doing so.
[quote][p][bold]local man[/bold] wrote: The first think I think of is a fool and his money are soon parted. Why anyone hands their cash over to a financial adviser to invest for unbelievable returns I will never know, do people never learn ?[/p][/quote]Many of our well known banks have been divesting many of their hard earned money for some time and according to the laws of land, legally. As far as I am aware none of their smooth operators have been hauled before the courts for doing so. Karlar
  • Score: 2

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree