Former broker admits fraud

A former investment broker who fled Ireland five years ago has pleaded guilty to a series of fraud charges in Dublin’s Circuit Criminal Court.

53-year-old Tony Taylor, formerly of Anglesea Road in Dublin, fled to England when his business, Taylor Asset Management, collapsed in 1996.

However, he was arrested and extradited to Ireland in 1999 to face fraud charges relating to cash lodged in his investment business.

In court today, Mr Taylor pleaded guilty to five charges, including the fraudulent conversion of two cheques, one worth £45,000 and the other £220,000.

He also admitted conducting business on a fraudulent basis and destroying records. He will be sentenced this afternoon.