Called to account

Insight / VAT fraud haulier delivered to jail

A husband and wife team from County Tyrone who ran a haulage company have been given jail sentences for a £194,000 VAT fraud following an HMRC investigation

Tax / Telecoms company tops tax defaulter list owing £2.7m

HMRC’s latest list of major tax defaulters is topped by a telecommunications company owing £2.7m on £4.3m unpaid tax, followed closely by an online trader owing £2.6m, with a raft of restaurants and takeaways, as well as an accountancy service and financial instruments provider, also featuring

Insight / Jail on menu for restaurateur who flouted company ban

A restaurateur with outlets in London’s West End has been jailed for 14 months after he continued to run companies despite a previous ban, following a joint investigation by the Insolvency Service and the Metropolitan Police

Insight / Jail term for VAT-evading recruitment agency boss

The boss of two recruitment agencies who failed to pay over more than £470,000 VAT and spent it on houses and a luxury holiday home, has been jailed for 27 months following an HMRC investigation

Insight / FCA sees mastermind of £2.8m scam jailed for 11 years

Michael Nascimento, the mastermind of a £2.8m boiler room fraud which marked the largest-ever fraud prosecution brought by the Financial Conduct Authority (FCA) has been sentenced to 11 years’ imprisonment

Insight / Charity Commission double defaulter inquiry brings £25m to account

The Charity Commission has accounted for some £25m of charity income as a result of its pre-inquiry and class inquiry work into ‘double defaulter’ charities in the past year

Insight / Called to account: September 2018

In this month's roundup of cases and disqualifications, £2.4m VAT fraud gang leader jailed, builder disqualified over hidden sales and VAT loss, shop owner jailed over £960k tax fraud

Insight / Tax fraud leads to jail sentence for clothing company boss

The boss of a clothing company who bought a house with money from a £175,000 tax fraud has been jailed for sixteen months and is subject to a confiscation order

Insight / Seven-year ban for director over £500K VAT understatement

The director of a company that installed disability ramps across South Wales has been disqualified for seven years for providing inaccurate information to HMRC regarding some £500,000 of under-declared VAT

Insight / Eight-year ban for security company director over missing records

The director of an Essex security company has been disqualified for eight years having failed to ensure the company maintained proper books and records, after an Insolvency Service investigation found it was not possible to verify over £600,000 of cash withdrawals from the business

Insight / FCA prosecutes £2.8m investment fraud

The Financial Conduct Authority (FCA) has successfully concluded its second largest ever criminal prosecution, which has seen five individuals sentenced to a total of 17.5 years imprisonment for their roles in a £2.8m share fraud

Insight / SFO shuts down £17m solar panel investment scam

Six men have been found guilty of running a £17m fraudulent scheme to install solar panels which defrauded 1,500 victims including elderly, retired and vulnerable people, following a four-year investigation spearheaded by the Serious Fraud Office (SFO)

Insight / 12-year ban for debt management boss

The director of three Birmingham debt management companies has been banned for 12 years after an Insolvency Service investigation found he had failed to ensure companies provided regulated advice to their customers

Audit / FRC fines Grant Thornton £4m for independence failings

Grant Thornton has been fined £4m and reprimanded for misconduct by the Financial Reporting Council (FRC) in relation to a lack of independence in the audits of Nichols plc and the University of Salford, with additional sanctions for a former senior partner and three former senior statutory auditors

Insight / Ex-Trump lobbyist guilty of tax fraud

US President Donald Trump’s former campaign chairman Paul Manafort has been found guilty on eight fraud charges, including five counts of tax fraud, two counts of bank fraud and one count of failure to report a foreign bank account, and is facing a potential jail sentence
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