Stephen Evans (pictured) spent £4

Publicado el por Lea Delamothe

Stephen Evans (pictured) spent £4.4million of other people’s money on supercars and lavish holidays 

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A fraudster dubbed the ‘Wolf of Old Hall Street’ after he blew £4.4million of other people’s money on cars, yachts and a racehorse has been found dead in his home.

Stephen Evans, 38, who was jailed for five-years following a Ponzi scam in 2014, was discovered by police at his rented bungalow near the Lake District a week ago.

He lived alone in the small pebble-dashed home in Kendal, Cumbria, where his neighbours were mainly elderly residents.

It was a far cry from the life of luxury he led as a crooked financial advisor in which he persuaded clients to hand timo over large amounts of money, which he pledged to invest but instead spent.

Over a three-year period, Evans splashed out £1.5million on a fleet of top-of-the-range cars a judge said would fill several episodes of Top Gear, £36,000 on yachts, £300,000 on jewellery and £250,000 on a racehorse he renamed ‘Fat Gary’.

His case echoed that of 1990s fraudster Jordan Belfort, who conned investors in the US and was the inspiration for The Wolf of Wall Street film starring Leonardo DiCaprio.

Evans ran his empire from Old Hall Street in Liverpool’s business district, but his reach stretched as far as the United Arab Emirates, where he recruited many of his victims.

More recently, according to locals in a Kendal, he had been working part-time at an outdoor adventure centre for local charity the Bendrigg Trust.

His body was found by two police officers, who are understood to have been contacted by worried colleagues after he failed to turn up for a shift last Tuesday.

Stephen Evans was sentenced to five years in prison at Liverpool Crown Court in 2014

Stephen Evans was sentenced to five years in prison at Liverpool Crown Court in 2014

Purchase: Among the cars Evans bought were a £190,000 Lamborghini Gallardo Superleggera (pictured inside)

Evans spent much of his fraud earnings on socialising and going on expensive holidays

Evans spent much of his fraud earnings on socialising and going on expensive holidays

Evans was living in this small property in the Lake District before his death aged just 38

Evans was living in this small property in the Lake District before his death aged just 38

Stephen Evans’ Vauxhall VXR8 Maloo was one of a number of luxury cars the fraudster purchased

Expensive tastes: Evans, who was jailed at Liverpool Crown Court in 2014, spent £21,000 visiting The Ritz (pictured)

Expensive tastes: Evans, who was jailed at Liverpool Crown Court in 2014, spent £21,000 visiting The Ritz (pictured)

He also bought a racehorse and gave it the name 'Fat Gary' with money earned via his pyramid scheme

He also bought a racehorse and gave it the name ‘Fat Gary’ with money earned via his pyramid scheme

<div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-9770c760-461d-11ed-a5af-9d9325ff08e8" website Fraudster, 38, who blew £4.4million on cars and yachts dies