Two unregulated financial advisers who fraudulently tried to claim almost £145,000 in gift aid have each been jailed for two years.
Raymond Agbo and Akua Owusu, who ran unregulated financial services firm Mondvi & Co, claimed fictitious UK taxpayers had donated to the Church of Grace Ministries UK.
The pair processed a gift aid repayment claim for £144,800 through Mondvi & Co on behalf of the church. The claim was supported by false documents which cited the names and addresses of donors who did not exist.
Agbo and Owusu were sentenced yesterday at the Old Bailey, and both were given two year prison terms.
Handing down the sentence, Judge Marks QC said the pair had both “played an active part in the fraud…you have shown no iota of remorse for what you have done.”
HMRC criminal investigation assistant director David Margree says: “Agbo and Owusu had the financial knowledge to make a determined attempt to steal from honest people. They submitted the false claim knowing it was an abuse of a scheme designed to help charities in need.”