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21 Oct 2009 05:14 PM
Financial advisers jailed in £2million VAT fraud

News Release issued by the COI News Distribution Service on 21 October 2009

NAT 71/09

Three financial advisers were amongst eight people jailed today for their part in a VAT fraud amounting to almost £2million. The eight were part of a gang of eleven who had set up fictitious companies claiming to be trading in animal feeds, children’s clothing and fruit and vegetables. They also created business expenses associated with the non-existent companies to evade paying VAT to HM Revenue &amp; Customs (HMRC).

The gang registered 15 bogus companies between 1998 and 2004 across Merseyside, Cheshire, Derbyshire, Leicestershire and Scotland creating fictitious sales transactions and invoices for zero-rated goods in the conspiracy to evade paying VAT whilst pocketing reclaimed VAT for fake business costs.

Eight individuals from the conspiracy were sentenced today. These were:

John Wright (aged 46) sentenced to six years jail, Gary Edgington (55) sentenced to four years, and Neil Banks (24) sentenced to 240 hours unpaid work, all from Cheshire;
Peter Wood (52) from Manchester sentenced to four years eight months in jail;
Michael North (70) from Stockport sentenced to 15 months in jail;
Diane Bellingham (53) sentenced to 12 months jail and George Duncan (45) sentenced to 32 months, both from Scotland; and
Emma Vasey (35) from Washington, Tyne and Wear sentenced to 18 months jail.
Edgington, Wood and North are all financial advisers. The other defendants are due to reappear in court at a later date.

Mike O’Grady, HMRC Assistant Director Criminal Investigations North West said:

“Those sentenced today include three self-employed financial advisors who opened bank accounts to facilitate the frauds, helped with the purchase of properties for gang members using the money obtained from the fraud and in some circumstances completed false invoices. They abused their positions of trust to line their own pockets and those of their co-conspirators and the sentences handed out by the court today reflect how seriously this crime is taken.

“VAT fraud is a serious crime which diverts vital income from the UK’s public services into the pockets of career criminals and HMRC will do everything in its power to put a stop to this.

“The gang used the fraud money to invest in property portfolios and fund their lifestyles. The total VAT fraud amounted to about £1.9million and those jailed now face confiscation hearings to recover monies and assets involved.”

Background

Suspicions were raised when some of the gang forwarded false invoices to HMRC, others deferred or aborted attempted visits by Customs &amp; Excise (now part of HMRC) officers who were attempting to verify these business claims and make routine tax inspections of their company accounts. The case was passed to HMRC criminal investigators and more fraudulent businesses were discovered linked to the conspiracy.

During the investigation analysis of bank accounts declared by the defendants shows that the only money going into them was from the VAT repayment system – they were not genuine business accounts. The monies were then systematically withdrawn through cash machines by the individuals involved.

Hand writing samples were analysed by a forensic scientist against invoices, VAT returns and other documents proving that in many cases the handwriting on invoices matches those on documents supplied to HMRC during the fraud. Many of the faked invoices were found on computers used by the fraudsters. Most of the invoices were bogus although some included hijacked details of legitimate traders.

Following the initial investigation, arrests were made in June and October 2005 when more evidence was collected during business and house searches. The evidence gathered led to fraud related summonses being issued in March 2008 to fourteen people who were charged with conspiracy to cheat the public purse. Before the trial started in 2009 seven individuals pleaded guilty once faced with the evidence against them. The remaining seven stood trial and four were found guilty by jury and three were acquitted. Eight of the eleven fraudsters were sentenced today and three will be sentenced at a future date.

Notes to Editors

Photographs of the fraudsters are available on request from the press office. (Where available, it is indicated in the individual summaries below).

North West fraudsters

John Paul Wright (born 10/09/63) of Bridge Lane, Appleton, Warrington, Cheshire was found guilty (by whole jury) on 12 August 2009 at trial. He was sentenced to six years on 21 October 2009. Wright was employed in light haulage and building work but in reality was one of the main players behind the registration of several companies used in the VAT fraud trading in animal feed supplies and children’s clothes. He used a hijacked identity at times and operated a number of the bogus companies in conjunction with Gary Edgington and Peter Wood and possibly others. Photograph of Wright available.

Peter Wood (born 21/03/57) of Dalton Gardens, Urmston, Manchester pleaded guilty before the trial began and was sentenced to four years eight months today. Wood was a self-employed financial advisor who specialised in tax advice (he told investigators in interviews that he had previously worked for the Inland Revenue in the 1970s and 80s). Wood helped with the purchase of properties for the gang and in some circumstances completed false invoices in the fraud – he was identified in court as one of the main players who had much more than just an accountancy role. Photograph of Wood available.

Michael North (born 13/10/39) of Meadow Lane, Disley, Stockport was found guilty (by majority verdict) 12 August 2009 and was sentenced to 15 months today. North another financial advisor operated from premises on Union Road, New Mills, High Peak in Derbyshire and he also helped with the purchase of properties for gang members and in some circumstances completed false invoices. North had had close links to the O’Briens in Scotland. In court HH Judge George commented if North had been younger he would have received 24 months in jail.

Neil Robert Banks (born 11/12/84) of South West Avenue, Bollington, Macclesfield, Cheshire pleaded guilty before the trial began and was sentenced to 240 unpaid community service today. Banks was a close family friend of the O’Briens (who will be sentenced separately) and in the case he was registered as the sole proprietor of a ‘fruit and veg’ company linked to the fraud (supposedly trading in Scotland). Photograph of Banks available.

Gary John Edgington (born 03/01/54) of Water Street, Bollington, Cheshire pleaded guilty before the trial began and was sentenced to four years today. He was also a self-employed financial advisor who assisted with the purchase of properties and in some circumstances completed false invoices – another seen as a main player in the VAT fraud who is understood to have received large amounts of money from the gang’s activities. Photograph of Edgington available.

North East fraudster

Emma Haughan (nee Vasey) (born 01//07/74) of Sulgrave Road, Washington, Tyne and Wear was found guilty (by majority verdict) on 12 August 2009 and was sentenced to 18 months in jail today. Emma was shown in court to have created false invoices to support the claims which were sent to HMRC. She was paid directly from the bank accounts receiving the VAT repayments. She worked with / for / and had close links to Wright, Wood and Edgington three of the main players in the fraud conspiracy. The company in the fraud she was ‘working’ for ‘traded’ mainly in the north west of England. Photograph of Haughan available.

Scottish fraudsters

Diane Bellingham (now Milne) (born 01/05/65) of Mid Street, Keith,, Scotland pleaded guilty before the trial began and was sentenced to 12 months today. Diane was the wife of Edward Bellingham at time of their arrests and she was registered as the sole proprietor of an animal feed company linked to the fraud (supposedly trading in Scotland). Diane also set up other bogus companies with her, then, husband. Edward is to be sentenced separately.

George Alexander Duncan (born 02/02/64) of Cedar Bungalow, Drumnagoroch, Huntly, Scotland pleaded guilty before trial began and was sentenced to 32 months jail today. Duncan was registered as the sole proprietor of an animal feed company linked to the fraud (supposedly trading in Leicestershire) – yet another bogus business.

In addition to Edward Bellingham, two others, Daniel and Marie O’Brien of Rainbow Cottage, Aultmore, Keith, Aberdeenshire Scotland, will be sentenced separately.

Some of the Scottish individuals were supposedly trading in Derbyshire and Leicestershire, and it was part of the whole gang’s tactic to trade in and register for VAT in different areas from their home locations deliberately in an attempt to disguise the fraud and their connections in the conspiracy. But investigators tracked them down despite their attempts to evade visits from officials and keep a geographical spread in the fraud.

The gang used the fraud money to invest in property portfolios and fund their lifestyles. The total VAT fraud amounted to about £1.9million and those jailed now face confiscation hearings to recover monies and assets involved.

All the individuals were charged with conspiracy to cheat the public purse.

To report information related to fraud the public can contact the Customs Hotline on 0800 59 5000 or email customs.hotline@hmrc.gsi.gov.uk.

Issued by HM Revenue &amp; Customs Press Office

Press enquiries only please contact:

Contacts:

HMRC Out of Hours
Phone: 07860 359544
NDS.HMRC@coi.gsi.gov.uk

Beryl St.James
Phone: 020 7147 2314
beryl.st.james@hmrc.gsi.gov.uk