Police Pursue Tate Brothers in £21M Tax Evasion and Money Laundering Case
July 8, 2024Devon and Cornwall Police are pursuing a civil claim against Andrew and Tristan Tate, and a third individual referred to as J, for allegedly evading taxes on £21 million in online business revenue between 2014 and 2022.
The police are seeking £2.8 million from frozen bank accounts linked to the Tate brothers.
The trio is accused of tax evasion and money laundering in both the UK and Romania, with funds being funneled through multiple bank accounts, including one in J's name.
The case involves payments from online businesses and OnlyFans sites, with large sums of money moving through various accounts, including cryptocurrency conversions.
The proceedings are civil, which means a lower standard of proof than criminal cases, and the case has been adjourned for further proceedings.
Andrew Tate has admitted to not paying taxes while residing in England, with the investigation closely watched for potential developments related to money laundering activities.
Summary based on 4 sources
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Sources
The Guardian • Jul 8, 2024
Andrew Tate and his brother Tristan accused of being ‘serial tax evaders’The Independent • Jul 8, 2024
Andrew Tate and brother Tristan accused of ‘never paying a penny’ in tax on £21m they made online