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Saturday, December 4, 2010

Five jailed for £17 million mobile phone VAT fraud

Five men have been jailed this week at Southwark Crown Court for a total of 15 years after a £17 million ‘missing trader’ VAT fraud. A sixth is awaiting sentencing. HM Revenue & Customs conducted a four-and-a-half year investigation that involved mobile phone accessories, SIM cards and digital memory. A further £5 million of VAT claims were stopped, with an additional £300 million planned.

Gary Lampon, Assistant Director of Criminal Investigation for HMRC, said “This was organised fraud on a massive scale used to blatantly fund the extravagant lifestyles of this criminal gang at the expense of the British taxpayer. ‘Missing trader’ fraud is not merely a paper fraud, it is organised crime and we are determined to pursue and bring to justice the criminals behind this type of fraud and confiscate the proceeds of their crimes.”

The gang’s cash proceeds were used to purchase a number of high-value items, including several properties worth over £1 million each, a Rolls Royce Phantom and a Ferrari. Over £8 million of assets have been restrained so far and confiscation proceedings are underway.

Harbinder Singh Samra, described as one of the ‘principal players’ in the fraud and sentenced to four and a half years in prison, was shot four times during the conspiracy while getting into his Rolls Royce outside The Hardwick public house in Walsall, West Midlands.

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Opinion Articles

T-Mobile and Orange isn't a big deal

Mark Bridge writes:

It’s the telecoms industry deal of the year. T-Mobile and Orange form a joint venture. The UK’s "big five" networks (or "big four", depending on your predilection for Hutchison 3G UK) will now be a "big four" (or "big three", if you don’t include 3. Confused yet?)

Everyone has an opinion. On Tuesday I was asked for mine.

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Here’s one for the laydeez

Mark Bridge writes:

Once upon a time, I’d probably have described myself as a feminist. These days I probably wouldn’t. Not because my opinions have changed, just because I’ve realised there are a lot of women who’d argue that I can’t be a feminist because of my male undercarriage. And me, by birth and possibly by education, therefore being part of the problem – not part of the solution.

Right, disclaimer over. I’ll get to the point. You want a mobile phone that’ll appeal to men...

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Mobile phones cause brain tumours?

Mark Bridge writes:

Mobile phones fry your brain. That’s been a warning from some people pretty much since the first cellphones appeared. And although the mobile phone industry has changed and the technology has advanced, the warnings haven’t gone away.

Ten years ago, the Independent Expert Group on Mobile Phones was set up to look at concerns about the possible health effects from the use of mobile phones, base stations and transmitters.

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Enthusiasm is my enemy!

Mark Bridge writes:

Enthusiasm is one of the great intangible powers of the world. It’s attractive, it’s compelling and sometimes it’s dangerous. And – yes, I’m going to try to keep this relevant – it sells mobile phones.

I was reminded of this the other day when I read a Sunday Times article about Apple’s Steve Jobs.

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A Blyk day

Mark Bridge writes:

Marketing, not unlike football, is a funny old game. I don’t claim to be an expert in either… but every so often something happens that starts sowing the seeds of doubt in my mind. And no, I’m not thinking about Liverpool's penalty claims in Sunday’s game at Tottenham. I’m thinking about Blyk.

Here at The Fonecast, we like Blyk. They shook up the industry and worried some of the big names when they arrived with their youth-focussed virtual mobile network two years ago. We interviewed their MD Shaun Gregory in May last year. And now they’re quitting the MVNO game in favour of arranging advertising deals for networks.

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