A couple from Kent have been jailed for committing insurance fraud and not paying tax on over £900,000 earnings from ‘ghost’ insurance broking.
Elina Jaksone, 36, and partner Gagik Kyraicos Manucharayan, 40, committed a £340,000 tax and motor insurance fraud by supplying false and misleading information when arranging policies for clients.
They sold the policies cheap to to mostly Eastern European clients, charging £100 apiece and then pocketing the £920,000 earnings without declaring tax to HMRC.
The couple used the money to fund a “luxury lifestyle” according to the Revenue. They took holidays in places like Jamaica and Mexico, bought a £365,000 property, paid for private education and acquired two Mercedes cars.
In addition, Jaksone also fraudulently claimed...