Feeds

VAT fraudster must repay £26m

Gold plated carousel fraud

A convicted VAT fraudster has been ordered to pay Her Majesty's Revenue and Customs £26m or serve an extra ten years in prison.

Craig Johnson is already serving 12-and-a-half years for his part in a missing trader or carousel fraud which defrauded the Revenue of £138m. The confiscation order means Johnson must cough up £8m within a year and the remaining £18m within the following twelve months.

Robert Alder, assistant director of criminal investigations for HMRC, said: "This is one of the largest thefts from public funds that has been brought before the courts following our investigations. It has resulted in one of the longest prison sentences and one of the largest confiscation orders ever secured."

Alder said carousel fraud remained a top priority for HMRC.

Johnson was living in a stately home in Staffordshire called Meaford Hall. It has now been seized by the Revenue. HMRC has also seized a helicopter, yacht, two homes and an Aston Martin, a Ferrari and two Bentleys, as well as Rolex watches and diamonds.

He was caught as part of Operation Emersed which, in parallel with Operation Shepherd and Operation Shoot, netted 21 individuals.

Another six members of the gang have confiscation hearings in January and three more face the courts in March.

The Revenue release is here

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.