Reading FC bidder banned by FCA over £170m portfolio lie

Paul Taylor forged documents to show he owned a £170m bond portfolio during both sets of negotiations, the Financial Conduct Authority said.

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