Login Register
 °

Stone criminal mastermind jailed for VAT fraud along with accomplices from Stafford and Eccleshall

By Staf Newsletter  |  Posted: November 07, 2013

Comments (0)

CRIMINAL mastermind Michael Davies has been jailed for 15 months for a failed £250,000 VAT fraud. 

 

Davies, of De Havilland Drive, Yarnfield, Stone, was sentenced on Monday, receiving 13 months for VAT offences and two for money laundering.

The 48-year-old was also disqualified from holding a company directorship for two and a half years after admitting conspiracy to cheat the Revenue and money-laundering under the Proceeds of Crime Act 2002.

Last year he was sentenced to three years in prison for his part in a scrap metal fraud.

Davies and six members of his gang operated a network of companies that supposedly traded internationally in large quantities of caravan parts and accessories.

They created false paperwork showing the goods had been sold in the UK through their string of companies, adding VAT to each transaction before trying to claim back the VAT that hadn’t been paid, when the non existent goods were exported.

The gang operated four companies including Lazydays RV Motorhomes, Market Drayton and three companies set up purely to carry out the fraud and money laundering activities - Lorcan Steels in Newcastle-under-Lyme, Capital Consulting UK Ltd in Marple, Stockport and Sky Incentives Ltd in Altrincham, Cheshire.

Also in the dock was another crime kingpin Michael Bostock, formerly of Penzance Way, Stafford, who was jailed for three and a half years for money laundering. Further VAT offences will lie on file.

The 39-year-old was also disqualified from acting as a company director for five years after admitting money laundering offences.

He is currently serving a five-year jail term for his part in the £1.5 million scrap metal fraud after being sentenced last year.

Eccleshall criminal Lester Stacey, 49, was sentenced to a 12-month community work order after admitting recklessly signing the VAT return.

Sentencing took place at Leeds Crown Court.

Read more from Staff Newsletter

Do you have something to say? Leave your comment here...

max 4000 characters

YOUR COMMENTS AWAITING MODERATION

 
 
 

MORE NEWS HEADLINES