Home
Blog by Backtracker
Ex Norton boss going to prison?
Backtracker
Backtracker
24 Feb 2022

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.

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.

3 1.3K
Comments
  • Danny 4D's 24 Feb 2022
    What is wrong with this world 😒
    Reply
    • Dee 25 Feb 2022
      Danny 4D's, Far too many things unfortunately 🙁
      Reply
  • Chris C 25 Feb 2022
    That’s a sad end to another attempt to keep the brand alive. Thanks Gordon Brown for allowing ‘business’ people the opportunity to rape pension funds
    Reply
Please Log In or install the app. Comments can be posted only by registered users.
Related
Home
Menu
Posting
Notify
Sign In
Profile
Content creation
Search
See More