Norton boss guilty
Tuesday, 8 February 2022 at 0:00:00 UTC
Former Norton boss pleads guilty
Stuart Garner, the former boss of Norton Motorcycles, has admitted illegally using money from the company’s pension schemes to reinvest in the business.
Garner used an estimated £11 million of pension scheme cash and broke the law by investing more than 5% of assets from three pension schemes, of which he was the sole trustee.
After pleading guilty to three charges of breaching pension scheme regulations, 53-year old Garner will be sentenced on 28 February at Derby Crown Court.