CEO banned for false and misleading statements made in attempt to buy bank and football club

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The Financial Conduct Authority fined Paul Taylor, previously CEO at Blue Horizon Asset Management, £489,000 and barred him from financial services, while former managing director Esmeralda Toni received a £121,200 fine and a ban for serious misconduct. Taylor supplied misleading statements and falsified information in attempts to acquire a bank and a football club; during the bank bid, Toni knowingly helped him mislead the bank and falsify documents asserting his ownership of a bond portfolio valued at about €200 million.