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martin734
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PostPosted: 16:34 - 08 Feb 2022    Post subject: Stuart garner heading for prison? Reply with quote
Stuart Garner is facing prison after admitting illegal pension investment.
I don't think that this will be much of a surprise to anyone familiar with his activities at Norton, which he basically ran into the ground and asset stripped in order to support his other businesses.
https://www.motorcyclenews.com/news/stuart-garner-pension/
https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start
https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start-part-two
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ThatDippyTwat
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PostPosted: 11:51 - 24 Feb 2022    Post subject: Reply with quote
Only because he scammed the wealthy...
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martin734
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PostPosted: 13:48 - 24 Feb 2022    Post subject: Reply with quote
ThatDippyTwat wrote:
Only because he scammed the wealthy...

I wouldn't consider all the Norton employees and customers he robbed as wealthy.
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A100man
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PostPosted: 14:28 - 24 Feb 2022    Post subject: Reply with quote
martin734 wrote:
ThatDippyTwat wrote:
Only because he scammed the wealthy...

I wouldn't consider all the Norton employees and customers he robbed as wealthy.


..indeed, and the Spondon former owners according to one of those reports - relatively small businessmen ruined by Garner..
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Fat Angry Scotsman
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PostPosted: 15:09 - 24 Feb 2022    Post subject: Reply with quote
A100man wrote:
..indeed, and the Spondon former owners according to one of those reports - relatively small businessmen ruined by Garner..


It doesn't absolve Garner at all, but it really didn't help that one of Spondons' Directors was an alcoholic looking for fast and easy cash. That there was the root cause of it all if you follow the critical path backwards. If he wasn't an alcoholic looking to get money and get out then this wouldn't have come about.

Like I said in my opening sentence though: that doesn't absolve Garner in any way, shape or form. I really, really feel sorry for the people at Spondon who lost their livelihoods due to a alchy and a conman.
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Last edited by Fat Angry Scotsman on 15:30 - 24 Feb 2022; edited 1 time in total
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Nobby the Bastard
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PostPosted: 15:26 - 24 Feb 2022    Post subject: Reply with quote
Fat Angry Scotsman wrote:
A100man wrote:
..indeed, and the Spondon former owners according to one of those reports - relatively small businessmen ruined by Garner..


It doesn't admonish Garner at all, but it really didn't help that one of Spondons' Directors was an alcoholic looking for fast and easy cash. That there was the root cause of it all if you follow the critical path backwards. If he wasn't an alcoholic looking to get money and get out then this wouldn't have come about.

Like I said in my opening sentence though: that doesn't admonish Garner in any way, shape or form. I really, really feel sorry for the people at Spondon who lost their livelihoods due to a alchy and a conman.


Admonish? It didn't give him a bollocking?

I think you mean absolve.
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Fat Angry Scotsman
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PostPosted: 15:30 - 24 Feb 2022    Post subject: Reply with quote
Nobby the Bastard wrote:


Admonish? It didn't give him a bollocking?

I think you mean absolve.


Correct, and corrected.
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ThatDippyTwat
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PostPosted: 16:29 - 24 Feb 2022    Post subject: Reply with quote
I thought he was pissing around with the pension funds and stock market. The latter really gets you fucked over, and the basis for my comment.
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martin734
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PostPosted: 18:52 - 24 Feb 2022    Post subject: Reply with quote
ThatDippyTwat wrote:
I thought he was pissing around with the pension funds and stock market. The latter really gets you fucked over, and the basis for my comment.


He was also selling bikes he knew he could never deliver and the pensions he was pissing around with were partly funded by contributions from employee wages. He was deducting pension contributions from their wages and then using that money to try and prop up other business ventures, like his hotel.
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Nobby the Bastard
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PostPosted: 19:26 - 24 Feb 2022    Post subject: Reply with quote
It's called 'doing a maxwell'
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A100man
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PostPosted: 21:22 - 24 Feb 2022    Post subject: Reply with quote
ThatDippyTwat wrote:
I thought he was pissing around with the pension funds and stock market. The latter really gets you fucked over, and the basis for my comment.


The way I read it was that the regulations only allow to invest up to 5% of contribution into the company you work for and he was throwing in the lot. So he fleeced his own workforce.. I'm not sure it was all malicious I don't know enough but the articles imply he was an inexperienced at this level of business.
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Polo
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PostPosted: 13:18 - 25 Feb 2022    Post subject: Reply with quote
A100man wrote:
ThatDippyTwat wrote:
I thought he was pissing around with the pension funds and stock market. The latter really gets you fucked over, and the basis for my comment.


The way I read it was that the regulations only allow to invest up to 5% of contribution into the company you work for and he was throwing in the lot. So he fleeced his own workforce.. I'm not sure it was all malicious I don't know enough but the articles imply he was an inexperienced at this level of business.


Oh he was malicious alright if the claims being banded around were correct. Bike owners sending their bikes in for warranty repairs only for Norton employees to take parts off them in order to complete new bike orders so as to keep £££ coming in.
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A100man
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PostPosted: 10:32 - 04 Apr 2022    Post subject: Reply with quote
Suspended sentence .. FFS Shocked

https://www.motorcyclenews.com/news/stuart-garner-sentence/?itm_source=bibblio&itm_campaign=bibblio-related&itm_medium=bibblio-footer-2
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Kawasaki Jimbo
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PostPosted: 12:45 - 04 Apr 2022    Post subject: Reply with quote
I’m astounded. What was the judge thinking?
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Easy-X
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PostPosted: 13:58 - 04 Apr 2022    Post subject: Reply with quote
But he is trying to be better, he paid £30,000 of the £11 million back before declaring bankruptcy. And he's not a well man... we should all have more sympathy Laughing
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Fat Angry Scotsman
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PostPosted: 14:40 - 04 Apr 2022    Post subject: Reply with quote
A100man wrote:
Suspended sentence .. FFS Shocked

https://www.motorcyclenews.com/news/stuart-garner-sentence/?itm_source=bibblio&itm_campaign=bibblio-related&itm_medium=bibblio-footer-2


Steal £6 of Coca-cola and get almost 4 months in the fucking clanger. Steal £11 million and don't spend a day inside. Fucking clown world strikes again.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/shoplifter-jailed-stealing-6-worth-21236686
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xX-Alex-Xx
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PostPosted: 14:47 - 04 Apr 2022    Post subject: Reply with quote
Fat Angry Scotsman wrote:


Steal £6 of Coca-cola and get almost 4 months in the fucking clanger. Steal £11 million and don't spend a day inside. Fucking clown world strikes again.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/shoplifter-jailed-stealing-6-worth-21236686


That's the difference between having lawyers, and not. Rich people rarely get banged up for financial crimes.
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Polarbear
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PostPosted: 15:21 - 04 Apr 2022    Post subject: Reply with quote
xX-Alex-Xx wrote:
Fat Angry Scotsman wrote:


Steal £6 of Coca-cola and get almost 4 months in the fucking clanger. Steal £11 million and don't spend a day inside. Fucking clown world strikes again.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/shoplifter-jailed-stealing-6-worth-21236686


That's the difference between having lawyers, and not. Rich people rarely get banged up for financial crimes.


Yes, that does seem to be rather the case doesn't it.
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Ste
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PostPosted: 18:55 - 04 Apr 2022    Post subject: Reply with quote
Fat Angry Scotsman wrote:
Steal £6 of Coca-cola and get almost 4 months in the fucking clanger.

Four years ago he had 63 convictions for 167 previous offences and was then jailed for 16 month. https://www.derbytelegraph.co.uk/news/local-news/court-lists-magistrates-crown-derby-1171929

It was back to prison for him in January this year: https://www.questmedianetwork.co.uk/news/tameside-reporter/jail-for-burglar-who-repeatedly-broke-into-stalybridges-tesco-store/

Sounds like a nice guy. Laughing
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Fat Angry Scotsman
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PostPosted: 10:11 - 05 Apr 2022    Post subject: Reply with quote
Ste wrote:
Fat Angry Scotsman wrote:
Steal £6 of Coca-cola and get almost 4 months in the fucking clanger.

Four years ago he had 63 convictions for 167 previous offences and was then jailed for 16 month. https://www.derbytelegraph.co.uk/news/local-news/court-lists-magistrates-crown-derby-1171929

It was back to prison for him in January this year: https://www.questmedianetwork.co.uk/news/tameside-reporter/jail-for-burglar-who-repeatedly-broke-into-stalybridges-tesco-store/

Sounds like a nice guy. Laughing


Laughing lmfao I guess it's a little bit more understandable now Laughing
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Easy-X
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PostPosted: 13:32 - 05 Apr 2022    Post subject: Reply with quote
xX-Alex-Xx wrote:
That's the difference between having lawyers, and not. Rich people rarely get banged up for financial crimes.


You get as much justice as you can afford.
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MCN
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PostPosted: 20:06 - 05 Apr 2022    Post subject: Reply with quote
Is his Mrs. on the market again?

Asking for a perv.
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