The Channel logo

News

By | John Oates 23rd October 2006 10:47

'Carousel' bank's founder due in court

VAT fraudsters' favourite bank

John Deuss is due in court in Holland later today to face charges relating to the First Curacao International Bank (FCIB). Deuss, who founded the bank, was arrested by Dutch police on his arrival from Bermuda. Dutch and UK tax authorities took action against the bank in September.

UK Customs accuse FCIB of being the favoured bank of carousel fraudsters. HMRC reckons every individual it collared for carousel fraud in the last two years held an account at FCIB. It suspects some 2,500 UK citizens of using the bank.

Accounts were frozen after joint police raids in Holland and the UK. Customs said at the time the action would have a major impact on carousel fraud.

Deuss, who denies any wrongdoing, is appearing voluntarily and waived his right to an extradition hearing in Bermuda.

He will appear in the magistrates court today as prosecutors want more time to question him, according to the Guardian. More details here. ®

alert Send corrections

Opinion

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away