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Ex-Chairman Of Insolvent UK Bank Busted For Possession Of Cocaine, Ketamine And Crystal Meth
About a month ago, English bank Co-Operative Bank plc, which in October was handed over to bondholders in order to plug a 1.5 billion pound capital shortfall and which added last month it will need to raise an additional 400 million pounds to plug another funding shortfall related to legal and restructuring costs, surprised its brand new owners with news that its full year loss would be a massive $2.2 billion. However the bank's insolvency was just the beginning, and the biggest surprise was not to be unveiled until today when UK prosecution charged Paul Flowers, the banks' former chairman from March 2010 until June 2013, and a Methodist minister, with possession of cocaine and ketamine. Oh and crystal meth.
Bloomberg reports that Flowers, 63, is scheduled to appear at a criminal court in Leeds, England, on May 7 to face the charges, the U.K. Crown Prosecution Service said in a statement today. Flowers, who was arrested in November as part of a drug investigation after he was filmed buying crack cocaine by a U.K. newspaper, was released on bail, West Yorkshire Police said in a statement.
“I have concluded that there is sufficient evidence and it is in the public interest to charge Paul Flowers with possession of Class A and Class C drugs relating to an incident on Nov. 9, 2013,” prosecutor Clare Stevens said in the statement.
And while everyone enjoys mocking the tabloids, guess who broke the story: "Regulatory and government probes are also in the works after the Mail on Sunday newspaper reported Nov. 17 that Flowers bought crystal meth and crack cocaine."
“At the lowest point in this terrible period, I did things that were stupid and wrong,” Flowers said in the November statement. “I am sorry for this, and I am seeking professional help, and apologize to all I have hurt or failed by my actions.”
As for Flowers, he is sorry: "Flowers apologized for his conduct in a statement after his arrest last year, saying there had been a death in the family and pressures related to the bank.
That... and the monkey on the back.
As for seeking professional help, he can talk to Bubba in prison if he would be willing to become his personal bodyguard, as he will need it. Unless of course the UK legal system is as broken as that in the US, in which case Paul's sentence will be 3 hours of community work and a promise never to look at blow again.
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just legalize all drugs and jail the banksterz!
In the UK he WILL get community service. Probably 150 hours of community work (7 hours every second Saturday) and a fine of maybe £500 to £800.
He certainly won't be going to jail for possession of drugs. This isn't Texas.
Planted evidence vs. Wacked?
He got off easy!
Maybe he had a boring job?
Or they are questioning the testimony of a future witness with character assasination?
Silk Road is for banksters too!
those drugs are big in the gay community, i wouldnt be surprized if some jim baker activity was going on.
Ketamine is a drug used in human and veterinary medicine, primarily for the induction and maintenance of general anesthesia, usually in combination with a sedative. Other uses include sedation in intensive care, analgesia (particularly in emergency medicine), and treatment of bronchospasm. Ketamine has a wide range of effects in humans, including analgesia, anesthesia, hallucinations, elevated blood pressure, and bronchodilation.[2]
Molly geez!!!
Yep. That's why it's called "Special-K"
But it probably makes it a lot easier to use a staple gun on yourself!
Hey,
A guy's gotta make a living !!!
Is he related to the wolf on wallstreet?
He spent the weekend with Rob Ford in Toronto last year.
WINNING!
Defrauding people of their money can certainly be considered criminal. Snorting the money is not the reprehensible part. The crime is that he stole it. People are free to put whatever they want to put in their body. What the hell is Tyler trying to say? Are plants Evil Tyler?
Based on the picture they could be doppelgangers.
Ketamin my ass. Stuff for pussys and lightweights. A real man ingests unlimited amounts of Haldol. Ah, the calm of the Haldol daze. Not to mention the unrelenting supply of other goodies, like two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, and a whole galaxy of multi-colored uppers, downers, laughers, screamers... Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get into locked a serious drug collection, the tendency is to push it as far as you can. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge, and I knew we'd get into that rotten stuff pretty soon.
and THEN it was discovered "the Bank had a few issues."
Unfortunately the regulator was also the dealer so it took a while to unravel the mess.
What, no Krokodil?
Kroc is only for russian bond traders. And closers.
Real deal guys, like Knuck don't have time for that stuff esp. when they are in the middle of bat(shit crazy Yellen) country. Never stop in the middle of a Taper, even for MOMO hitchiker accounts.
thanks knuck for the hat tip to fear and loathing in las vegas. hunter thompson deserved to have his remains rocketed out of here.
Geez with the coke and meth you'd think he would've been a lot skinnier...
Funny, I could manage to deal with a death in the family w/o having to resort to looking for my local (filmed) pusher. Politicians are just actors who are too ugly for film.
C'mon Knuckles -- where is the attribution? Huh?
It is obvious to many, but still.
Dr. Hunter S. Thompson....fear and loathing on Zerohedge.
........and the goddamn bats!
I miss the good old days.
BTW - ether will give you a monster headache.
Hey knukles - you may want to check out "Drug X"
http://panaceachronicles.com/2014/04/10/drug-x-assassin-of-natural-german-superiority/
http://www.amazon.com/Cocaine-Handbook-An-Essential-Reference/dp/0915904...
Watch out for the desert bats.
+100
P.S. The good Dr. should need no reference on ZH...........
The good Doctor would have raged if he were alive today.
Knuck, that's how Hunter S loaded up for a road trip! True professional degen.
Ahh, how I wish I were young again.
Exactly.
At least with this he's found honest work.
He said he was sorry. Maybe he just had a bad day.
If we could just walk a mile in his shoes, I believe that we would understand him a lot better!
he is a crystal methodist!
Ding ! We have a winner, ladies and Gents. Too cool for school.
Walking a mile would have killed him.
Where's Jack LaLanne when you need him?
I thought coke and meth users wouldn't be fat bloated bastards like this double chinner tard!
He needs to smoke more, that pudgy bastard...
That guy has to score dime bags on the street?? Maybe he never lost the habit(s)
David Feldman used to a bit about obese people and cocaine:
Looks like you thought wrong again.
Maybe the crank was for his boyfriend. Those Ministers are pretty weird, you know.
It's only gay if you smile while giving a bj for meth.
Hallucinogens + speed ..... this guy had one hell of a party in mind
Hell, he should run for mayor of Toronto.
House Harkonnen
Fuckin' ministers. See what the bible does to people!
"the religious" you cant trust them, ever.
The religious are by definition, the most delusional of the delusional.
Are you a minister too?
I believe Methodists accept "gay", therefore, he doesn't follow the Bible.
http://www.youtube.com/watch?v=Sc859Go0VNU
Thank jesus dinosaur taming tap dancing christ Noah wasn't a methodist then
The Year of Living Biblically: One Man's Humble Quest to Follow the Bible as Literally as Possible
From your link:
"I’m officially Jewish but I’m Jewish in the same way the Olive Garden is an Italian restaurant..."
Hahahaha! Just like Jesus!
Sold!
.
Not kosher then...
I was just wondering where my daily bankster had gone?
..... nice doube chin.... he looks like he could fit right in with "The People of Walmart."
Banksters need Ketamine in order to rape the clients effectively. He must be "doing" a lot of "banking" these days.
He should sue the BOE for the QE program that allowed him the funds to buy the drugs.
That Ketamine shit is nasty !!!
k-holes for a-holes.
So did he do it for realz or another banker taken down? Whatever, I score it as a win.
Dunno. If "they" want to take a bankster down, that might be a useful snitch we should help out.
You know you're too heavily into decadence if you consider it 'treating yourself' to experience a 72 hour nightmare...sKetchy
Still, I'd wager he preaches some wild sermons
The K could be for someone else...
Good point, after all he's a Methodist, not a Baptist.
"More sinister than minister..." -Chris Tucker
k hole for the b hole, hes a butt rustler.
Horses for courses, pun intended. (It's a veterinarian and battlefield anaesthetic. Battlefield because it doesn't lower blood pressure in cases where there is a likelyhood of significant blood loss and veterinarian because animals don't complain about hallucinations)
Used sparingly (In sub hallucinogenic doses), however, it can provide (to some but not all people, genetic lottery) near immediate and long lasting (about 10 days) relief from major depression, especially in cases that don't respond to traditional first line therapies, such as SSRI.
That said, immoderate use of the stuff isn't likely to do anyone any good.
I assume he was trying to access mental health support from the NHS in the UK. Doing that could drive anyone to crack / meth / heroin and ketamine combos.
NOFX - Kids of the K-hole.
Hmm, Cocaine, meth, ketamine...sounds like a well-diversified portfolio to me! :>D
Anything refined sugar, is nasty!
"Banking Bad"
Coming to you on Showtime this Summer.
Excellent. It could be done as a fiction drama series OR it could be done as a reality show, where we follow banksters around as they make "deals," invent "financial products," and take out insurance policies on banksters who later end up nailgunning themselves to death, by accident of course.
They could even develop derivative products related to the show itself to sell to the public. Then they would get the algos to call in and pretend to be watching the slop and voting on things to make the show look even more successful than it is, thus artificially inflating the show's standing. Then they could "short" the show, just before they schedule a long lecture on how all of this actually works, boring the fuck out of everyone. Then the public and the phoning algos would vote for more nail gun episodes, and the algos would know about the votes before hand so they could front run the show's ratings pop again...
Yo, Hollywood is looking for creative screenwriters...
Totally!! Banzai, are you taking this down?? Lloyd Blankfein with his tongue out fer sure. None of the banksters have facial hair tho-- who's gonna be Walter?
WOW !!!
Was this for personal use or for an income stream ?
No doubt he was rehypothacating that shit and cutting it up and selling it as a new type of MBS.
I've had days like that... not!
That is the UK criminal code
It was clearly the drugs fault..
Where's the hookers?
Mybe if this were Wall Street, I think you mean where's the children?
Walter White, bitch....
just getting through the 1st season.....LOVE Walt.....
he's the man. "basic chemistry"....lol...yeah
I've seen a lot of meth head's mug shots, but this is the strangest one ever.
Let's have a look at his teeth.
Yeah it makes you think that he found his drug addictions very recently. One wonders who got him hooked on this shit. You don't wake up one day and decide, "I'm gonna get hooked on crack, meth, AND ketamine!" I would imagine that by the time you are doing all three, you weigh 130 pounds, you've lost half your teeth, and you are dispensing handjobs behind dumpsters.
Yeah, I agree; it's a blankly astonishing mug shot for a cranker; It really doesn't make sense. I saw a couple of people go down the tubes on Meth. in the City when I was young. What you say is too true. All the booking shots are evidence all by themselves; this guy doesn't LOOK anything like a Meth. Head. Hard to figure.
Busted, down on Bourbon Street
Set up, like a bowling pin
I'm surprised they didn't find kiddie porn on him, he looks like the type.
They are saving that variation for later? This is becoming worse than a midday soap opera.
He's called the "Crystal Methodist" in the UK press.
Possession of these drugs in the UK would usually be treated with what's called a caution - "You've been a naughty boy, don't do it again and if we catch you next time we might so something" and perhaps a fine. It would be highly unusual for him to see any jail time.
imagine how much money the bank would have lost if he wasn't doing drugs?
lucky depositers....
He is seeking professional help. Id say personal use. Old head is parting like it's 1999.
You know, if someone with an umimpeachable character like Ron Paul ran a bank and refused to do something TPTB requested, this is exactly the story we'd read about him. Surprised they didn't find kiddie porn on top of the drugs.
Give the drugs to his investors! They need it!
And people thought Wolf on Wallstreet was just a funny fictional movie.
Speaking of funny, read this Daily Mail piece by Edward Lucas on the Ukraine crisis:
http://www.dailymail.co.uk/news/article-2605578/Edward-Lucas-I-hope-Im-wrong-historians-look-say-start-World-War-III.html
Here is a particularly funny line:
"But the biggest benefit to the Russian president lies abroad. He makes no secret of his hatred for the West. He is contemptuous of, yet fears, our soft power. He resents the laws, liberty and prosperity that our citizens enjoy."
Yeah, "they hate us for our freedom!"
I guess that bullshit worked once, why not try it again?
It would make sense if Putin tried to sober up his own country first. Russians are addicted to alcohol and chemical drugs. Russians are big in the porn industry as well. Prostitution is a very common source of income for female Russians.
Sure, Vlad. Blame the West for all your own fuckups. That worked so well for the other guys during the last century as well when they declared themselves rulers for life and a thousand year reich.
Why so many people simply don't get what Putin is all about is beyond me. He's arguably the richest person in Russia. He has inserted himself to rule Russia with his iron fist without any opposition. Russians who moved into ex Soviet satellite states are motivated to take over those states and declare them Russian. That was Hitler's "Blut und Boden" approach to the letter.
The guy is a bad ass motherfucker and I'm happy to be far away from his sphere of influence. Maybe not even far enough when he goes full ballistic.
Go ahead, fucking junk me. I could care less.
To be clear, I don't give a flying fuck about Putin. He is a statist, just like our power hungry war mongering statists here in the west. I'm just pointing out the hypocrisy of our "leaders" and our "press".
BTW the author is stating "they hate us for our freedoms" [Now where have I heard that before?], which is ironic that he uses freedom and laws in the same sentence.
I get that part. Our cronies are just as bad. Bundy vs. Fed on orders of Reid is just the latest example.
It's all propaganda. "They hate us for our freedoms" is "Mission Accomplished" in a world where Americans rally behind "Boston Strong" despite the clear evidence to the contrary.
Not you specifically, but for others it seems that Putin is the enemy of their enemy and that makes him their friend. In this case that's a very dangerous proposition imo. If we keep focusing on the abuses of our own cronies and stop them before they even consider another war, we will be much better off in the long run. Encouraging the likes of Putin and supporting him even verbally in his effort to piss off the West is sending the wrong message imo.
You make it sound as if "[e]ncouraging the likes of Putin and supporting him even verbally in his effort to piss off the West" is done in isolation. It's just one among many efforts against the DC bullshit and abuse parade. And since said DC bullshit and abuse parade is global in nature, it makes sense to, ahem, understand any external (to the US) efforts to deter it.
Americans will have to clean up their own house and it's in one hell of a mess. We could use all the help we can get.
Yes, he's the enemy of my enemy; and according to some of the oldest prtocalls in the human genone, that makes him my friend. Anything is better than forgetting that the Kenyan Mullato is our enemy; and God forgive anyone who thinks he's their friend. I'm definetely supporting Putin in his humiliation of these fuckwads in Washington; there's only two teams on the field, fan boy; who you want to support ? The illegal Kenyan usurper and destroyer of America? I hope not.
Could you maybe not read so much into everything, and focus on the punchline that was in fucking BOLD?
Geeze, someone makes a joke about freedom, and you gotta set up this big ole straw-man to knock down. WTF?
Here's a clue. Most people around here understand that Vlad is not any different than any other strongman. Those that don't? Just ignore them, as their brains are rotted by statism.
Got it. Last time I pointed out the obvious I earned triple digit junks. That's Million Dollar Bonus territory and in this case, I'm quite comfortable with that! You know you're hitting a nerve when... the statists come out from under their rocks!
Oh, yeah, right; Russians are always terrified of "soft power"; go look at some newsreels of the War on the Eastern Front, and then think this over. Not even slightly believable.
Does anyone still swallow that crap?
Nice, Ket is usually associated with abduction / kidnapping....etc. Not exactly a party drug.
Onward Crystal Methodist...
What a guy.
Never judge a book by it's cover!
He looks like the British actor in the Harry Potter movies.
2.2 billion loss (or was it a business expense)? That's a lot of crack to which lets check all the transfers the bank made to Cyprus, Caymans, Singapore.
just your average bankster tweaker...don't let the glasses/suit fool you
It fools the shit out of me. Everytime I look at the photo I crack up all over again. I just cannot believe this Mope was a cranker. Just when I thought I'd seen everything. Too funny.
He looks just like Dr. Meinheimer from Naked Gun.
Yes, but which one?!?
Flowers: "there had been a death in the family and pressures related to the bank"
Too bad he forgot to mention that the drugs were allegedly used to fire up sex orgies with rent boys.
True Smacker
This bloke is right up there, he is a shit-shoveller and could not run
a piss up in a brewery let alone a bank. He was once asked by a parliamentary
committee the value/asset of the Co-op bank, he replied about 2-3 billion, which
was about ten times less. A complete knob head and an unbelievable choice to run
(or mis-run) a financial institution.
YouTube - Mork calling Orson
I don't know what ketamine is but cocaine and biker crank (meth) is the formula for a stroke if you are over 45. The portrait don't fit the story either. Unless he had a makeover for the mugshot, even at that.
Ketamine is very powerful. It can be used while anesthetized for 8 to 24 hours to detox from heroin dependency.
Ketamine is used as a horse tranq I believe. I've seen a few people on it and it ain't pretty.
So with all these "concentration camp" drugs (where you lose weight cause you dont eat and you look like death warmed-over)......
Whats with that chin??? Or, is it a fat ass goiter?
you would think he'd be thinner!!!!
This guy will be flying off a roof any minute now.
Can I get a toot too?!
Nice! Maybe next time he can score some crokodil and dramatically shorten his life expectancy.
Sometimes high status men like this may not be using the drug, but procuring it for their boy-toys who like to party this way. Black mail can happen too.
And you lot think your lot of filthy criminals know the 'Craik'?
This is England my friends, if they arent kiddie fiddling, or covering it up, look at the news about one fat bastard Cyril Smith, re-hypothocating, mortgage fraud, Libor fraud, insider dealing, flogging the publics assets to their mates for nowt (Royal Mail), abusing children, outright expenses theft of whatever ammount they like, getting smashed as fuck on any type of drug they please, shagging rent boys with our money, and fucking the working bloke over thrice, or even paedophilia, they wouldnt have any time left to run this Dog forsaken cuntry.
My lot of bastards have your lot licked.
;-)
Not that I would wish my country to win 1st place in this category, but are you aware of this>
http://franklinscandal.com/franklindocumentary/index.html
https://www.youtube.com/watch?v=asvl6kO1Vo8 ?
Sometimes, I think the more power one has accumulated, the more power others have over you as you gradually sell your soul deeper and deeper.
I surrender; you win. Couldn't happen to a nicer bunch, (loyal Scotsman).
Leftovers from a weekend party at Dimons vacation home...
Methodists.
Methodists!!!!
Self-medicating to cope with the big lie...
i would like to know if those drugs are bought by taxpayers money in the bailout robbery.
Don't sweat it baby. It's not like your money is yours or anything. Corporate welfare, EBT cards, unemployment, money you give to the treasury because the IRS is holding a fucking gun to your head, Social Security, Disability, Janet and Ben printing money, the fed buying treasuries and holding them on the books which the US taxpayer is responsible for, don't you get it? It's all one big slosh fund. Whats yours is theirs. No need to freak out.
Now if you struggle, or disagree, it's just gonna hurt more see...
So just lay back and enjoy it! Here have some more ketamine...
He should have bought drug stocks instead!
I call shens. There's no way a man that fat enjoys cocaine or meth. He would be at least 50 pounds lighter.
It was probably an MI-5 sting and he was buying for his girly-boy, "Come on Poppy, stop the limo here, that nice man has my medicine and we can go home and par-tay!"
"I dare say my cricket bat says yes, here, light that with this 100 pound note, ha, ha, aaahh, yeahhha."
Are you kidding ? The last tweeker I saw was about 150 lbs. lighter.
Brings to mind John Delorean one-time CEO, one-time drug middleman. John's company was in trouble. He needed that "gold" to bail him out.
How are all these dudes so fat while on the C-diet?
And they arrest a banker for a victimless crime? WTF?
He's an ex banker, which makes him 'little people'
I hope his 'professional help' doesn't take drugs!
How are they going to retain good people without legalizing drugs on bank premises?
He's going to need an extra large noose to fit around that fucking Goitre neck of his.
He looks a lot like Captain Kangaroo.
http://www.tvparty.com/bgifs18/capkangrecord1.jpg
"Cocaine is a hell of a drug" - Rick James
His big mistake is not "supporting" the current crook in office otherwise he would just be "Corzined" with a nice Swiss Chalet and all the Ludes he wants.
fat fuck!!!!!!!!!!!!!
All you need to know:
The coop bank is (or was) an 'ethical' bank. Can't have that, or the UK's GIRO bank for that matter, too much competition for scum like Lloyds.
Not exactly.
The Co-op bank holds the accounts of the Labour Party and the Lib Dem Party. Being ethical with that lot is virtually impossible.
There was also a hushed up scandal about a substantial donation the bank gave to running the office of one Mr Ed Balls, Labour's Shadow Chancellor.