A UK court has ruled in favor of authorities to seize millions of pounds held in frozen bank accounts belonging to the Tate brothers, Andrew and Tristan, and an associate named J. The court found them guilty of evading taxes on millions of dollars earned from their online businesses. The brothers allegedly used complex financial schemes to avoid paying taxes between 2014 and 2022.
to seize the money held in seven frozen bank accounts from the Tates and a woman identified only as J.
At a hearing in July, a barrister representing the force told the court the brothers were “serial tax and VAT evaders”. It was claimed that the brothers paid just under $12m into an account in the name of J, and opened a second account in her name, even though she had no role in their businesses.police wish to seize is cryptocurrency held in an account in her name. J received a payment of £805,000 into her Revolut account, the court heard.
In a statement after the ruling Tate said the chief magistrate’s ruling “is not justice” and was a “coordinated attack”.
Tax Evasion Andrew Tate Tristan Tate Court Ruling UK Authorities
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