- A VAT fraudster, has been jailed for seven-and-a-half years for a ‘missing trader’ VAT fraud.
- He lived a luxury lifestyle using the stolen money.
- Some of his assets will be sold to recover money for the public purse.
- His companies were involved in scrap silver and platinum trading, but he used them to steal VAT.
- He used the stolen money to fund overseas travel, a holiday home in Spain, high-value cars, and expensive jewelry.
- Seized items, including gold bars, luxury watches, and rare coins, will be auctioned to recover the stolen money.
- HMRC will continue to pursue criminals until they repay the money they stole.
- The frauster claimed to have paid millions of pounds in VAT to suppliers, but he used missing traders to evade paying £17 million.
- If he does not pay back £1.8 million by April 18, 2024, he will serve an additional eight years in prison.
Source: uknip.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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