six million following confiscation order made right now
A CONVICTED tax fraudster has been ordered to pay three.6million following a confiscation order made by Cambridge Crown Court nowadays.
60 year old David Dalrymple from Bottisham, Cambridge had an interest in assets which includes a 2million trust fund in Jersey, a London home, a Ferrari, two Aston Martins plus a Dodge Viper. He also owned properties in Cambridgeshire and Norfolk.
The confiscation order ends a five year investigation by HM Revenue Customs (HMRC) that resulted in two males getting jailed for a total of five years in 2007 as well as the unravelling of a sophisticated tax fraud that cost the taxpayer more than 2million.
Robert Alder, Assistant Director Monetary for HMRC mentioned: “The quite substantial amounts confiscated within this case amply demonstrate our determination to produce complete use in the investigation powers offered.
“If Dalrymple had operated honestly the correct tax would have been paid and he would have already been, by any comparison, a wealthy man, but as an alternative he chose to conduct a fraud determined by pure greed and not just was a custodial sentence awarded but he has had to pay a considerable further amount in confiscation. This clearly shows that tax evasion doesn’t pay.”
Dalrymple was convicted in September 2007 for cheating the public purse and in December was sentenced to three as well as a half years in jail. The confiscation order created today is for 3,667,999.42; he will face a additional six years in prison if he fails to pay the cash inside 15 months. The tax lost was almost 2million but Dalrymple obtained over 3million “in his hands” (3.6million with interest) and legislation beneath the Criminal Justice Act 1988 enabled HMRC investigators to acquire an order for the greater amount.
Also involved in the fraud was Colin Bates, who pleaded guilty to fraud and was sentenced to 18 months imprisonment in December 2007. A confiscation order for 263,003 was obtained in respect of Bates on 20 November 2008.
On ten October 2007 an Order was obtained within the Higher Court of England and Wales restraining Dalrymple from disposing of or otherwise dealing in his assets which had the effect of “freezing” monies held for the benefit of Dalrymple with different banks and economic institutions and house owned by Dalrymple amounting to over 6 million. These assets had been secured in anticipation of their availability in settlement of any Confiscation Order.
The fraud: David Dalrymple (60) was a director of Beaumont Stainless Steel (BSS) primarily based in Cambridge. He set up an elaborate fraud together with the support of his economic accountant Colin Bates (58) that netted the pair in excess of two.5 million. The fraud was uncovered when HMRC investigated the firm (which subsequently went into administrative receivership) and found that discount commissions due to the company had been diverted to offshore accounts.