News Articles

Sunday, February 6, 2011

Seven men sentenced to over 40 years for mobile phone VAT fraud

Seven men have been sentenced to over 40 years in jail for their part in stealing £38 million from HM Revenue & Customs in a ‘missing trader’ tax fraud. A further two men will be sentenced in the next few weeks. The fraud centred on the import and sale of mobile phones and computer parts through a chain of companies, including Sky Computers UK Ltd of Middlesex and Maxro Technology Ltd of Surrey.

Two of the men pleaded guilty to the offences prior to trial, while six were convicted following a trial at Birmingham Crown Court. A ninth man who also pleaded guilty is currently serving a jail term for similar offences. Confiscation proceedings are underway and properties worth in excess of £2.5 million have been restrained.

The fraud, which took place in 2005, was uncovered by criminal investigators from HM Revenue & Customs.

Gary Lampon, Assistant Director of Criminal Investigation for HMRC, said “These men were relentless in their pursuit to steal vast amounts of public money. Their primary aim was to get rich quick and avoid detection by laundering the proceeds of their crime overseas. They enjoyed extravagant lifestyles, exclusive homes, performance cars and designer jewellery - ultimately at the expense of law abiding tax payers.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 529

Tags: uklegalvat

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2016»
MonTueWedThuFriSatSun
262728293012
3456789
10111213141516
17181920212223
24252627282930
31123456

Archive

Terms Of Use | Privacy Statement