In recent news, a high flying British businessman has been charged for being the ringleader of an alleged £156 million tax fraud. The man was arrested in Las Vegas while he was attending a boxing event and German prosecutors say that this is one of the biggest tax fraud cases they have ever seen in Europe.
The businessman who is originally from Huddersfield in Yorkshire is alleged to have been the ringleader of carousel trading between 2009 and 2010. The scam involving buyers importing emissions permits into the European Union without paying VAT and selling them to each other whilst adding on VAT then generating tax refunds in order to make a profit.
Although this man was not employed by a German global bank, it has been said that he worked with a number of former and current employees, 26 of whom are being investigated for crimes including tax invasion, money laundering and obstruction of justice. All of those involved apart from the retired have been suspended from the bank – the case continues.
VAT Fraud Solicitors, Stephen Lickrish & Associates, are leading experts in serious fraud crimes including Tax Fraud, Duty Fraud and Money Laundering alongside other serious crimes and help support people who have been accused of such events. The team at Stephen Lickrish & Associates, based in Manchester, are highly skilled Solicitors and Para-legals who have been in the industry for many years with their commitment to use their skills and knowledge to secure the best possible outcome for their clients.
Stephen Lickrish & Associates understand the lengthy process of some cases and how difficult it can be for the client, family and friends when facing such allegations. In order to provide the best possible outcome for their clients, Stephen Lickrish & Associates try to support and represent their clients from the earliest stage possible.
Alongside dealing with VAT Fraud, Stephen Lickrish represent clients who have been accused of crimes including sexual offences, mortgage fraud and benefit fraud. To contact them for legal advice please visit www.stephenlickrish.com.