Piper, 30, who was the director of
Investors complained that they had been mis-sold expensive wine collections and had either not received the wine they were promised or were deceived in respect of the expected returns. Many investors were then persuaded to sell their wine collections to Piper's company, but did not receive the promised payment. An investigation by the
BEIS discovered that HMRC was also conducting an investigation into Piper, and the matter was jointly prosecuted with the CPS. Piper also pocketed more than 51,000 pounds in
Deputy Chief Investigation Officer
This case should serve as a warning to those that seek to utilise the Insolvency regime to further fraudulent activity, that the
Notes to editors
He was sentenced to 2 years' imprisonment for defrauding HMRC and 3.5 years' consecutive imprisonment for the fraudulent trading offence. He was sentenced to 15 months' concurrent imprisonment for the two counts of money laundering.
BEIS' mission is to build a dynamic and competitive
Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.
Anyone with information concerning people involved with Insolvency related crime can contact the Insolvency Service Hotline.
SOURCE The Insolvency Service,