FCA Fines and Bans Former CEO Paul Taylor £489,000 for Falsifying Documents in Takeover Bids

The FCA fined and permanently banned Paul Taylor, former CEO of an asset management firm, £489,000 for making misleading statements and falsifying documents - including fabricating a claim of owning a €200 million bond portfolio - during two separate attempted acquisitions, one of a UK bank and one of Reading Football Club. A co-conspirator, former managing director Esmeralda Toni, was separately fined £121,200 and banned for knowingly assisting Taylor by helping falsify supporting documents.

• Paul Taylor fined £489,000 and permanently banned from financial services
• Fine relates to falsified documents and misleading statements in two takeover attempts
• Co-conspirator Esmeralda Toni separately fined £121,200 and banned for assisting
• Case involved a fabricated claim of ownership of a €200 million bond portfolio