Roy Faichney, a former adviser at Vantis Tax, has been jailed for four years and disqualified from acting as a director for 10 years for his part in a £70m tax fraud.
As managing director of Vantis, Faichney had a “gentleman’s agreement” with his deputy, David Perrin – who was found guilty for his part in the charity scam in January – to share the £4.5m profit from a fraudulent tax scheme sold to wealthy customers.
The pair acted together to extract the cash they made through a Jersey bank, where Faichney withdrew his share to spend on luxury properties and paintings, while also using the scheme to evade tax on his £200,000 company salary.
About Robert Lovell
Business and finance journalist