David Perrin, a former deputy managing director at Vantis Tax, has been jailed for 18 months after trying to defrauded taxpayers of £70m.
Last month Perrin was convicted of cheating the revenue after Blackfriars Crown Court was told how he devised and operated a scheme which he sold to wealthy taxpayers in order to exploit the law on giving shares to charity.
Blackfriars Crown Court heard how he pocketed more than £2m in fees from unsuspecting clients and splashed out on expensive second homes, holidays, art work and luxury cars.
Between 2005 and 2006 Perrin advised more than 600 wealthy clients to buy shares, worth a few pence each, in four new companies he had set up.
About Robert Lovell
Business and finance journalist