Ex Co-op Bank chairman jailed for £100k fraud

Former chairman of Co-operative Bank, Paul Flowers, has been jailed after abusing the trust of an elderly, vulnerable friend and stealing £100,000 to fund his own lifestyle

Paul Flowers, 74, cheated his friend, Margaret Jarvis, out of thousands of pounds by withdrawing cash and paying for goods and services from her bank account after she gave him power of attorney.

Flowers, the former chairman of Co-op Bank from 2010 to 2013, was jailed for three years at Manchester Crown Court on 27 February 2025.

The fraud went on for six years from 2012 to 2018, even beyond the death of Jarvis. Flowers was only caught when pension payments continued to be paid out after her death and the Co-op Bank asked for their return.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe