Cryptocurrency Celebrities: UK Seizes Assets of the Tate Brothers
Tax evasion has become one of the most common practices among cryptocurrency holders to avoid hefty taxes imposed by any national financial authorities. Recently, UK authorities seized properties linked to the famous Tate family.
In a recent ruling, a UK court approved the seizure of £2.7 million worth of assets from the well-known influencer brothers Andrew Tate and Tristan Tate, including cryptocurrency, on the grounds that they failed to pay taxes. The court found that the Tate brothers primarily failed to pay taxes on £21 million in earnings obtained from 2014 to 2022, which also included their cryptocurrency investments.
It is noteworthy that the defendants have been residing in the UK since 2017 and have shown a keen interest in digital assets. The court's latest action subsequently led to the arrest of Andrew and Tristan in Romania on charges of human trafficking, sexual assault, and rape.
The court also found that the brothers' income and net worth had grown at a faster rate over the past few years, primarily due to tax evasion. Notably, some of the seized funds are suspected to be tied to human trafficking, rape, and other criminal activities.
A source cited: "From the very beginning, our goal was to prove that Andrew and Tristan Tate were evading taxes and laundering money through bank accounts located in Devon. The two individuals were accused of concealing the source of their income through 'front' accounts, constituting criminal activity and making these earnings criminal proceeds."
Celebrity involvement in illegal cryptocurrency activities is on the rise!
According to available information, figures like Mr. Beast, Logan Paul, Snoop Dogg, and some other well-known personalities face serious allegations of market manipulation and using cryptocurrencies for illegal activities.
On November 20, Todayq reported that famous YouTuber and social media influencer Logan Paul is facing accusations of misleading fans and making substantial profits.
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