Feeds

Five jailed for £140m VAT scam

Nearly 40 years' chokey for revenue cheats

SANS - Survey on application security programs

Five men have been jailed for their roles in a huge missing-trader fraud which netted £140m.

The men were sentenced to 37 and a half years in prison in total.

HMRC said the five were motivated by pure greed. They were convicted of various counts of cheating the Revenue contrary to Common Law.

Andrew Hart (40) of Cricklewood, London, Mohammed Chaudhery (36) of Slough, Berkshire, Kevin Davis (46) of Kilburn, London, and Abdul Jabbar Butt (49) of Wembley, Middlesex set up their own limited companies, most of which traded for five weeks or less.

A fifth man, Tariq Sarwar, of Ryecroft Street, Gloucester acted as organiser. He pleaded guilty to five counts of cheating the Revenue and was sentenced to nine years in prison.

They imported mobile phones and computer chips VAT-free from other EU countries, then sold them on, with VAT added to UK customers. Each company owed the Revenue between £26.5m and £39.1m when it shut.

The money was never paid to the Rev but was laundered through various offshore firms.

The investigation began in October 2005 when Mohammed Chaudery was arrested. Information on his computer provided links to the other gang members and their companies.

The gang members got a flat fee of up to £30,000 for their work. HMRC is also seeking forfeiture of assets.

Click through to the next page for complete details of the fraudsters, and their companies, from HMRC. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.