The disgraced former chair of the Co-op Bank, Paul Flowers, has been jailed for three years on fraud charges.
The 74-year old, who was forced out of the lender in 2013 amid claims of inappropriate expenses and illegal drugs allegations, admitted 18 counts of fraud worth nearly £100,000.
Flowers, also a former Methodist minister, committed the offences against an elderly and vulnerable friend.
He had previously made headlines for the wrong reasons after his three-year tenure at the bank came under scrutiny in the wake of its 2017 rescue by US hedge funds.
Flowers was later banned from the financial services industry by the City watchdog.
He was fined £400 in 2024 after pleading guilty to possessing cocaine, ketamine and crystal meth – leading him to being dubbed “the Crystal Methodist” in the press.
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