Tax adviser guilty of £70m share scam

David Perrin, deputy managing director at Vantis Tax, sold his scheme to wealthy clients, exploiting the law on giving shares to charity, Blackfriars Crown Court found. Perrin, who was sentenced to 18 months in prison, used a network of finance professionals to advise around 600 clients to buy penny shares in four companies he had set up. He listed the companies on the Channel Islands stock exchange and used money from an offshore account to buy and sell shares to manipulate the price. Share owners then donated 329 million shares to various charities and tried to claim £70m tax rel...