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19 April 2016, 06:05 | Updated: 19 April 2016, 06:11
Investigations have revealed so far that the fraud charges are likely to run into millions of pounds.
Two independent financial advisors from Norfolk have been charged with a total of 14 fraud offences by officers from the Eastern Region Specialist Operations Unit (ERSOU).
Alan Taylor, aged 36 and of St Stephen's Street in Norwich, has been charged with seven counts of fraud including conspiracy to defraud and fraud by abuse of position whilst Russell Taylor, aged 35 and of Old Hall Road in Witton, has been charged with seven separate counts of fraud including conspiracy to defraud and fraud by abuse of position.
The charges relate to the handling of investments between their businesses, namely Taylor and Taylor Associates Ltd, based in Hoveton, and Vantage Investment Group, between January 2008 and July 2015.
Taylor and Taylor have been charged today (Monday 18 April 2016) and have been released on conditional bail to appear before Norwich Magistrates Court on Friday 24 June 2016.