- Three individuals were convicted in Düsseldorf, Germany for VAT fraud and aiding tax fraud
- The convictions are part of the Huracán investigation led by the European Public Prosecutor’s Office
- The fraud involved over 2500 cars and resulted in €51 million in fraudulent turnover and €18 million in VAT losses
- The defendants admitted to the crimes, leading to a judgment within six months of indictment
- They operated as black market dealers, selling cars to dealers in Portugal and the Netherlands
- Sentences ranged from three years to four years in prison
- Assets worth €7.4 million were confiscated, and €1.7 million in cash was seized and transferred to the state treasury
- This marks the second conviction in the Huracán investigation
- Defendants have one week to appeal the decision
- The EPPO handles crimes against the EU’s financial interests
Source: eppo.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
