RSS feedsAn adviser was jailed today for stealing £790,000 of clients' money that should have been used to pay tax bills.
Gregory Huggett, 39, today began a five-year prison sentence after pleading guilty to six offences earlier this year.
Huggett traded in partnership with his mother and father as Huggett Gregg & Co.
Huggett requested that some of his clients pay their tax liabilities to the accountancy firm so that he could keep track of the amounts paid.
He agreed to forward the tax on to the Inland Revenue (HMRC) on their behalf. Over a four-year period, from 1999 to 2003, Huggett stole over £790,000 of his client’s money to fund an extravagant lifestyle.
Huggett submitted false tax returns, and used the cash to buy two Ferraris and an Aston Martin as well as expensive foreign holidays and a large house in Essex.
