article_snippet.sent: All the indications are that the money was squandered. '
article_snippet.sent: You created three false business and there was no substance to three false business whatsoever.
article_snippet.sent: You submitted false invoice to HMRC with a view to dishonestly reclaiming VAT.'
article_snippet.sent: The scam was thwarted by VAT inspectors who raided The scam 'submarine' when his 'submarine' was moored outside the Royal Armouries in Leeds.
article_snippet.sent: The 54-year-old, real name Steven Howarth, blew proceeds of a £1million VAT fraud .
article_snippet.sent: The total amount came to £1,017,505.
article_snippet.sent: There were no purchases and no sales and the only business Williams was involved in was the manufacturing of false invoices and careful managing of the credits and debits to and from banks accounts to give an air of legitimacy to the fraud and avoid the scrutiny of VAT inspectors.'
article_snippet.sent: Speaking ahead of an earlier hearing, Williams said: ‘In five years we never sold one bed.