26 Oct, 2020 @ 18:30
1 min read

Liverpool’s ‘Wolf of Old Hall Street’ who ran a £4.4m Ponzi scheme hiding out in Spain

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Stephen Evans

A CROOKED financial advisor dubbed the “Wolf of Old Hall Street” is on the run in Spain. 

Fraudster Stephen Evans, who served time in jail twice before for swindling clients and friends out of millions, is hiding out in the Malaga after disappearing earlier this month. 

A source close to the 36-year-old said he had planned to move out to Spain with his young family before the COVID-19 outbreak. 

But his loved ones were left “horrified” when the crook ditched his family on the Monday, October 12 and fled from his home in Cheshire. 

They say the crook “vanished into thin air” after fleecing pals and relatives out of “large sums” of money. 

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Stephen Evans

Speaking to the Olive Press, the unnamed source said:  “He literally vanished into thin air. He is a master of deception. 

“As a professional conman he can’t be trusted not. If you see him you must contact the police.” 

Evans was jailed in 2013 for fraud and again in 2017 for proceeds of crime.

He pled guilty to running an underhand empire from an office on Liverpool’s Old Hall Street, persuading clients to hand over large amounts of cash which he claimed would be invested but which he just spent and then sought new investors to repay what he owed the old ones.

In total he took in around £4.4m of which £300,000 was paid to his initial investors to keep the scam going while later arrivals, including one man who gave him £3.7m, received nothing back at all. 

The swindler would then go on spending sprees, buying a horse and splashing out £1.5m on supercars including a Lamborghini as well as Bentleys and Mercedes.

Detective sergeant Marc Roberts of the Chersire Police said: “We are becoming increasingly concerned for the welfare of Stephen and would urge anyone who has seen him or knows of his whereabouts to contact Cheshire Police.

“I’d also urge Stephen to please get in touch.

“Your family are worried about you.”

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