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Forgetful Preacher....?

heh, heh.......Preacher who did not practice........ accordingly! heh, heh.......

Preacher jailed over £51m fraud

Malcolm Edwards-Sayer carried out his scam over an 18-month period

A lay preacher who admitted a £51m VAT fraud has been jailed for 10 years.
Malcolm Edwards-Sayer, 49, from Bramcote, was at Nottingham Crown Court to admit eight counts of conspiracy to cheat the public revenue.
An investigation by HM Revenue and Customs uncovered the "carousel fraud" carried out by Edwards-Sayer who also worked as a part-time law lecturer.
He manipulated the VAT system through the import and export of goods over 18 months.
Edwards-Sayer also admitted conning clients out of tens of thousands of pounds through a bogus firm of solicitors.
Passing sentence, Judge Jonathan Teare said: "You were indulging in a massive and bare faced scam".
VAT pocketed
The court heard that Edwards-Sayer set up a number of companies from his home, imported mobile phones and computer chips from EU countries without VAT - and then sold them on with VAT added through a chain of companies.
After being sold on a number of times, the equipment was then exported back to the EU.
The companies would then go missing before the VAT inspectors had the chance to get the cash.
Jennie Kendall, of HM Revenue and Customs, explained: "Basically the fraud is importing usually high-value small goods from the EU VAT-free, once they're in this country they're then sold on with the VAT added and that can happen a number of times through a whole chain of companies. "Then the companies go missing before paying the VAT over to the government which would otherwise fund services vital to the taxpayer." At the time of his arrest Edwards-Sayer was lecturing in law at South East Derbyshire College and was also a part-time lay preacher with the Diocese of Southwell.
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