Saturday, 11 November 2017

Fraudsters jailed between 11 years and 20 months for £107m 'cynical' green tax scam

Six men who orchestrated an "audacious and cynical" tax fraud have been jailed for between 11 years and 20 months.

They persuaded wealthy people to invest in environmental projects in exchange for tax breaks, but then used the money to fund lavish lifestyles, buying overseas property and luxury holidays.

HM Revenue & Customs said it could have lost up to £107m as a result.

HMRC's Simon York said the men showed "complete disregard" for the ecological causes they claimed to be supporting.

"These individuals thought they had worked out the perfect fraud," he said, adding that work had started to recover the proceeds of their crime.

BBC      News.