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17/09/2003
Two arrested over Co Derry multi-million pound trader fraud
Customs and Excise investigators arrested two people in Londonderry this morning in connection with a major 'missing trader' VAT fraud estimated at £2.3 million.
Officers involved in the early morning swoop searched business premises and homes in the North West of the province. Two men were arrested and are believed to be involved in a network of companies that 'carousel' large quantities of mobile phones, cameras and camcorders.
Carousel fraud is a highly complex operation where the criminal organisation establishes companies in the UK and on the continent to buy and sell high value goods without payment of VAT to the UK government. In this case it is believed that companies in Spain and Denmark were involved.
Customs' Head of Investigation Northern Ireland Jane Salt said: "Tackling Missing Trader fraud is Customs' top VAT fraud priority and we are having a measurable impact.
"It is in the interests of all legitimate businesses to prevent this type of fraud which distorts competition and forces honest traders out of business."
(gmcg)
Officers involved in the early morning swoop searched business premises and homes in the North West of the province. Two men were arrested and are believed to be involved in a network of companies that 'carousel' large quantities of mobile phones, cameras and camcorders.
Carousel fraud is a highly complex operation where the criminal organisation establishes companies in the UK and on the continent to buy and sell high value goods without payment of VAT to the UK government. In this case it is believed that companies in Spain and Denmark were involved.
Customs' Head of Investigation Northern Ireland Jane Salt said: "Tackling Missing Trader fraud is Customs' top VAT fraud priority and we are having a measurable impact.
"It is in the interests of all legitimate businesses to prevent this type of fraud which distorts competition and forces honest traders out of business."
(gmcg)
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03 September 2003
Customs investigate suspected £80m VAT scam
Customs and Excise investigators have arrested two people in Chelmsford and searched business premises across England in connection with a suspected £80 million VAT money laundering scam. A spokesperson for Customs and Excise said that it is believed that money was channelled through the bank accounts of two Chelmsford-based companies.
Customs investigate suspected £80m VAT scam
Customs and Excise investigators have arrested two people in Chelmsford and searched business premises across England in connection with a suspected £80 million VAT money laundering scam. A spokesperson for Customs and Excise said that it is believed that money was channelled through the bank accounts of two Chelmsford-based companies.
30 January 2006
Fraud level triples in a year
A surge in fraud cases in the second half of in 2005 resulted in over £900 million of fraud being recorded - up nearly three times from the previous year's £329 million.
Fraud level triples in a year
A surge in fraud cases in the second half of in 2005 resulted in over £900 million of fraud being recorded - up nearly three times from the previous year's £329 million.
11 November 2011
Former Policeman Jailed For Record VAT Fraud
A former policeman from South Yorkshire has been jailed for over 10 years for an attempted £330 million VAT fraud - the largest of its kind in the UK. The scam was led by Nigel Cranswick, 47, from Dinnington in South Yorkshire, who HM Revenue & Customs (HMRC) say went from "rags to riches in a matter of weeks".
Former Policeman Jailed For Record VAT Fraud
A former policeman from South Yorkshire has been jailed for over 10 years for an attempted £330 million VAT fraud - the largest of its kind in the UK. The scam was led by Nigel Cranswick, 47, from Dinnington in South Yorkshire, who HM Revenue & Customs (HMRC) say went from "rags to riches in a matter of weeks".
03 July 2003
Arrests made across UK in massive Customs swoop
In one of the largest VAT fraud operations of its kind, 350 Customs officers swooped on addresses throughout the country - arresting 33 men and four women. More than 70 properties across the UK and Spain were raided this morning as part of 'Operation Euripus'.
Arrests made across UK in massive Customs swoop
In one of the largest VAT fraud operations of its kind, 350 Customs officers swooped on addresses throughout the country - arresting 33 men and four women. More than 70 properties across the UK and Spain were raided this morning as part of 'Operation Euripus'.
10 December 2010
Further Fraudster Sentenced In £17million VAT Fraud
The sixth member of an organised crime gang was sentenced today for his part in a plot to steal £17m of taxpayer’s money in a complicated ‘missing trader’ VAT fraud. Five men were jailed last Friday for 15 years. A further ten defendants have been charged and are due to stand trial next year.
Further Fraudster Sentenced In £17million VAT Fraud
The sixth member of an organised crime gang was sentenced today for his part in a plot to steal £17m of taxpayer’s money in a complicated ‘missing trader’ VAT fraud. Five men were jailed last Friday for 15 years. A further ten defendants have been charged and are due to stand trial next year.
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
