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Westminster Magistrates’ Court approves POCA forfeiture of £2.6m from Andrew and Tristan Tate over unpaid taxes, despite funds’ legitimate origin

Published on: 19 December 2024

Published by a Law360 reporter
Legal News
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Westminster Magistrates' Court

Westminster Magistrates' Court determined that Devon and Cornwall Police may confiscate funds, sitting across seven frozen bank accounts, from the Tate brothers and a woman known solely as J. The cash corresponds to unpaid tax on £21m in takings from online enterprises. The brothers stand accused of transferring nearly US$12m into one of J's accounts to avoid taxation. The court heard the money derived from online adult services, including sites Adultwork and OnlyFans, alongside payment processors Stripe and Dek-Co. Chief Magistrate Paul Goldspring said the Tate brothers carried out a 'deliberate and dishonest cheat' on HM Revenue & Customs (HMRC). He further underlined that proceeds of crime legislation enables police to seize funds even where the money was earned legitimately, as the court confirmed in its decision...

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