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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

Tablets aren't real computers... and that's why they're so popular

Mark Bridge writes:

As any Star Trek fan knows, Apple didn't invent the tablet computer. The crew of the Enterprise regularly used handheld devices that looked remarkably like an electronic clipboard... or an iPad. In fact, engineers in the 1960s were working on tablet devices as the original Star Trek series first aired.

Then there were the Microsoft Tablet PCs from around ten years ago. I bought one - an Acer TravelMate - as my main computer and loved it. I even loved the special pen that was needed to write on the screen.

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Mark Bridge - BBC News

James Rosewell writes:

For those that don't regularly watch the BBC News Channel at 5pm here's a rather hasty recording of an interview with our very own Mark Bridge concerning "Quick Tap"; a rather underwhelming new mobile payment product from Orange and Barclaycard.

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New sensors can turn your smartphone into a medical tricorder

Mark Bridge writes:

Dr 'Bones' McCoy moves an electronic device over a patient’s leg encased in a plaster case. The device immediately identifies swelling within the cast, alerting the doctor to take action.

But this isn't a medical tricorder being used by the doctor. It's a Google Nexus S mobile phone. And the situation isn't set in the 23rd century. It's now.

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The Council of Europe and its plans to 'ban mobile phones in schools'

Mark Bridge writes:

Europe's leaders want mobile phones and WiFi networks banned in schools. Well, that's what the headlines appear to say.

Except - as often seems to be the case with most mobile phone health warnings - things aren't that simple. So let's start at the beginning.

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DigiMo promises a fast, simple and smart mobile payment solution

Mark Bridge writes:

Almost everyone in the mobile telecoms industry seems to be looking for a perfect payment system that'll transform their mobile phone into some kind of electronic wallet. Yet despite many trial schemes – and a few commercial launches – cards and cash are still favoured by consumers and retailers in much of the world.

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