What did former Co-op Bank boss Paul Flowers do?

Paul Flowers defrauded an elderly spinster with Alzheimer's, stealing £185,000 from her estate to fund a lavish lifestyle.

Has Paul Flowers returned the stolen money?

Yes, Paul Flowers has repaid the full £185,000 to avoid an additional two-and-a-half years in prison.

Why has the stolen money not reached the victim's family or charities?

The money has not reached the intended beneficiaries because Paul Flowers remains the sole executor of the victim's will, and the family is struggling to obtain his signature for legal proceedings.

Home / Crime and Justice / Ex-Co-op Boss Repays Stolen Funds from Victim

Ex-Co-op Boss Repays Stolen Funds from Victim

22 Feb

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Summary

Former Co-op Bank boss returned £185,000 of stolen money.
He avoided an additional two-and-a-half years in prison.
The funds were stolen from an elderly victim with Alzheimer's.

Ex-Co-op Boss Repays Stolen Funds from Victim

Former Co-op Bank chairman Paul Flowers has repaid £185,000 he defrauded from an elderly spinster with Alzheimer's. This action allows him to avoid an additional two-and-a-half years in prison. Flowers, nicknamed the 'Crystal Methodist,' was originally sentenced to three years in February of last year for plundering his friend Margaret Jarvis' estate.

He used the stolen funds to finance a lifestyle that included drugs, wine, luxury holidays, and theatre trips. Flowers also held power of attorney over Miss Jarvis' affairs. As her dementia worsened, he issued himself cheques and redirected her pension payments.