Reading FC bidder banned by financial watchdog for forging £170m bond portfolio

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Taylor made his bid for Reading in 2024 but withdrew it months later Former Reading FC bidder Paul Taylor has been fined almost half a million pounds and banned from working in financial services for ...

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Mr Taylor and Ms Toni fell woefully short of even this minimum expectation.How Taylor tried to buy Reading from YonggeTaylor, 63","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4123":"调查和咨询服务","BNDW":"Vanguard Total World Bond ETF","FC":"富兰克林柯维"},"translate_title":"雷丁足球俱乐部竞标者因伪造 1.7 亿英镑债券投资组合而被金融监管机构禁止","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FC":1.5,"BNDW":1.5},"content_text":"Taylor made his bid for Reading in 2024 but withdrew it months later Former Reading FC bidder Paul Taylor has been fined almost half a million pounds and banned from working in financial services for lying about his wealth.The Financial Conduct Authority issued the punishment today after finding Taylor guilty of using forged documents that purported to show he owned bonds worth around €200m (£171m).Taylor attempted to use the documents as proof of funds for a £37m takeover of a UK bank in 2023 and his bid to buy financially stricken Reading from Dai Yongge in 2024.\n\nThe managing director of Taylor’s company, Blue Horizon Asset Management, Esmeralda Toni, was also banned by the FCA and fined over £120,000. Therese Chambers, joint executive director of enforcement and market oversight at the FCA, said: “Trust in financial services relies on those working in it to be honest. 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They have no place in our industry.”\n\nHow Taylor tried to buy Reading from YonggeTaylor, 63, attempted to buy Reading towards the end of Yongge’s disastrous eight-year ownership, during which they fell into the third tier of English football.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659112118","isCrawlerRequest":true}