Andrew and Tristan Tate face seizure of over £2m for tax evasion

Andrew and Tristan Tate face a £2m seizure after failing to pay taxes on £21m revenue


Pop Culture & Art December 18, 2024
Image: Reuters

A UK court has authorized police to seize over £2 million from Andrew and Tristan Tate after they failed to pay taxes on £21 million earned through their online businesses. The ruling, made at Westminster Magistrates' Court, came after it was determined that the brothers had engaged in a scheme to evade taxes, using what was described as a "complex financial matrix" that the court deemed a straightforward attempt to cheat the tax system.

According to the investigation, the brothers transferred nearly $12 million into an account held in the name of a third party, referred to as J, and set up a second account in her name, even though she had no involvement in their businesses. These businesses include the War Room, Hustlers' University, Cobra Tate, and OnlyFans, all of which generate millions in revenue. Police lawyers argued that Andrew Tate had openly admitted to avoiding taxes in the UK, stating he would "ignore, ignore, ignore" the authorities, expecting them to eventually give up. (BBC News)

Judge Paul Goldspring ruled in favor of Devon and Cornwall Police, stating that the brothers failed to provide any evidence of legitimate tax payments. Instead, they insisted the movement of money was part of normal business activity. As a result, the police are now authorized to seize £2,683,345, including funds in cryptocurrency.

This decision marks another blow for the Tate brothers, who are already facing serious legal troubles. In Romania, Andrew faces charges of rape, human trafficking, and forming a criminal gang. Meanwhile, UK authorities are pursuing their extradition in connection with further allegations.

 

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