Fraudster who blew £4.4million of other’s money on cars, yachts and a racehorse found dead aged 38
, 2022-10-07 04:22:14,
Stephen Evans (pictured) spent £4.4million of other people’s money on supercars and lavish holidays
A fraudster dubbed the ‘Wolf of Old Hall Street’ after he blew £4.4million of other people’s money on cars, yachts and a racehorse has been found dead in his home.
Stephen Evans, 38, who was jailed for five-years following a Ponzi scam in 2014, was discovered by police at his rented bungalow near the Lake District a week ago.
He lived alone in the small pebble-dashed home in Kendal, Cumbria, where his neighbours were mainly elderly residents.
It was a far cry from the life of luxury he led as a crooked financial advisor in which he persuaded clients to hand over large amounts of money, which he pledged to invest but instead spent.
Over a three-year period, Evans splashed out £1.5million on a fleet of top-of-the-range cars a judge said would fill several episodes of Top Gear, £36,000 on yachts, £300,000 on jewellery and £250,000 on a racehorse he renamed ‘Fat Gary’.
His case echoed that of 1990s fraudster Jordan Belfort, who conned investors in the US and was the inspiration for The Wolf of Wall Street film starring Leonardo DiCaprio.
Evans ran his empire from Old Hall Street in Liverpool’s business district, but his reach stretched as far as the United Arab Emirates, where he recruited many of his victims.
More recently, according to locals in a Kendal, he had been working part-time at an outdoor adventure centre for local charity the Bendrigg Trust.
His body was…
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