Ex Norton boss going to prison?
According to the Guardian newspaper in the UK, disgraced Norton Motorcycles owner Stuart Garner could be facing up to two years in jail over breaches of pensions rules.
He admitted three offences of illegally investing millions of pounds of pension savings into his business at Derby Magistrates Court in early February 2020.
Ex Norton boss Stuart Garner found guilty of pension fund fraud
Garner acquired the classic marque in 2008 and was supported by a series of UK government ministers and publicly financed business assistance and promotion organisations before the company slumped into administration in January 2020 - leaving pension fund holders owed about £14m.
In June 2020, Garner was ordered to pay the money back after the pensions regulator in the UK had ruled that he acted "dishonestly".
It is understood the pension holders are still waiting for any of their funds to be returned.
Garner is due to be sentenced at Derby Crown Court on Monday, February 28th.
