John Davies : Police are still working to track down the conman . A flamboyant conman who funded an extravagant lifestyle by swindling £750,000 from struggling businesses has gone missing after being convicted of fraud . John Davies , 53 , of Milton Keynes , left a trail of misery in his wake , with 'numerous ' people losing their jobs and companies as a result of his actions . After his six-week trial police detailed how he had lived a 'flamboyant lifestyle on the back of despicable crimes ' , buying a house complete with the latest cinema system and a luxury kitchen . On Wednesday , he was found guilty in his absence of 12 counts of fraud by breach of trust . Police have since issued a warrant for his arrest . The court case , at Aylesbury Crown Court in Buckinghamshire , related to Davies ' dealings with nine different companies where he gained in excess of £750,000 . He was convicted of 11 counts by a unanimous jury decision , and one by a majority verdict . The court was told how he had spent his ill-gotten gains on a luxury lifestyle , including more than £70,000 on a new Range Rover and foreign holidays to Barbados and Las Vegas . Davies , of Dean Forest Way , Broughton , Milton Keynes , claimed to be an insolvency and business adviser but he was not licensed . Between 2007 and 2013 he targeted distressed companies , claiming he could help restructure their debts . But although he often advised companies they should go into liquidation or administration , he would delay doing so in order to gain control of companies ' remaining assets which he used for his own personal gain . The prosecution said he gained his victims ' trust and then took the money that was due to the company creditors which he then spent on himself . His swindles - carried out in Theale in Berkshire , Kent , and Northamptonshire - meant people lost their jobs , livelihoods and companies . Thames Valley Police Economic Crime Unit spent more than two years collating evidence against him . Following the trial investigating officer Detective Constable Stephanie Burleigh said : ' I am very grateful to all the victims and witnesses who took the time to come to court and give statements to support the proceedings against this serial fraudster . 'Company fraud is not a victimless crime , Davies ruined many livelihoods and Thames Valley Police take these crimes seriously . Davies kept a lavish £70,000 Range Rover along with other trappings of the jet-set lifestyle ( file photo ) The fraudster used his ill-gotten money to pay for luxury holidays to Las Vegas ( left ) and Barbados ( right ) 'Davies has led a flamboyant lifestyle on the back of these despicable crimes which have caused so much misery up and down the country . 'He is an accomplished and manipulative con-artist who does not care about the consequences of his actions . ' I appeal to anyone who knows where he is to contact the police immediately so that he can serve his sentence . ' His conviction comes two years after being cleared of murdering his wife during their honeymoon to India . Colette Davies , 39 , from Bridgend , was found dead at the bottom of a 80ft ravine in a remote part of the country in February 2004 . In 2011 he was charged with murder and two counts of fraud , relating to allegations he fraudulently claimed £132,000 from a life insurance policy . In March 2013 he was cleared of all charges at Cardiff Crown Court when the prosecution produced no evidence against him .
John Davies , 53 , of Milton Keynes , ruined lives to live a playboy lifestyle . He was guilty of 12 counts of fraud after posing as a business advisor . The fraudster kept a £70,000 car and went on holiday in Barbados . He committed a string of crimes in Berkshire , Kent , and Northamptonshire . Thames Cardiff Crown Court spent two years building the case against him .