HMRC Successfully Prosecute Largest Ever VAT Fraud Of Over £300 Million.
A former south Yorkshire policeman has been jailed for 10 years and 3 months for his part in an attempted £330 million VAT fraud.
Nigel Cranswick 47 of Dinning, South Yorkshire and five others were caught by HMRC investigators after they claimed their new business had sold more than six million mobile phones, and had a turnover of more than £2.4 billion in less than a year.
Using details from fictitious companies, the gang produced thousands of invoices for sales of mobile phones and computer software.
Cranswick claimed that in the first six weeks of trading his company had turned over more than £527 million.