30 Sep '16, 3pm

Disgraced jeweller who conned taypayer in £1.25m Rolex scam is jailed: A DISGRACED jeweller who dodged £1.25m...

A DISGRACED jeweller who dodged £1.25m tax bill by fraudulently selling Rolexes and other luxury watches has been jailed. Darren Ray forged important documents at a South Coast jewellers so he could avoid paying the full tax bill and channel the cash into funding a “luxury lifestyle”, a court heard. Now he is behind bars for three years after being sentenced for fraud. A court heard Reay had recorded high end Rolexes, Cartiers and Breitlings watches as low value ‘precision instruments’ while traded online via eBay as Darren Reay Watches and also from Wight’s Watches in Cowes, Isle of Wight. He had fraudulently passed the watches off to be worth $50 - enabling him to evade VAT of £1,252,948.20 and get away with paying import VAT of just £7,805 during a four-year period between March last year and March 2011, it was heard. He was able to use the money to fund a lavish lifest...

Full article: http://www.dailyecho.co.uk/news/14775663.Disgraced_jewell...

Tweets

Disgraced jeweller who conned taypayer in £1.25...

dailyecho.co.uk 01 Oct '16, 6am

A DISGRACED jeweller who dodged £1.25m tax bill by fraudulently selling Rolexes and other luxury watches has been jailed. ...

Ebay trader who dodged tax on Rolex, Cartier and Breitling watches is jailed - read it at

Ebay trader who dodged tax on Rolex, Cartier an...

grimsbytelegraph.co.uk 30 Sep '16, 4pm

A fraudster from the Louth area has been jailed for three years for dodging £1.25 million in tax on expensive items of jew...

Fraudster dodged over £1m in tax on Rolex watch...

lincolnshireecho.co.uk 01 Oct '16, 3pm

A fraudster has been jailed for three years for dodging £1.25 million in tax on expensive items of jewellery like Rolex, C...