Gold trading and tax evasion: how Palturai could have assisted with disclosure

The main defendants come from the Hells Angels milieu: confusion as a principle, gold deals, missing millions and rockers. Sounds like a mystery, and it is. After investigations by the Hamburg tax investigation department, four men were arrested and charged with tax evasion amounting to 27 million euros. SPIEGEL researched the matter and presented the sophisticated business model in a video and explained the suspected VAT fraud.

The full Spiegel report can be viewed here.

The Spiegel report names the accused and some of their companies. We took this as an opportunity to search for any anomalies in the network of these gentlemen. Within a few minutes, we used our Palturai BusinessGraph to reconstruct the facts from the report and also discovered a number of other “interesting connections”. If only the journalists had asked us…

But what is the background?

According to the investigations of the Hamburg tax investigation department, the men are said to have procured precious metals worth 80 million euros from “nebulous sources” and brought them to Berlin. In order to make the journey of the metals appear legal, the men are said to have set up a dummy company in Hamburg that issued fake documents. This is said to have made it appear as if the raw materials had been legally purchased from a company in Slovakia. However, undercover investigations revealed that there had never been any business with the Slovakian company in question. An interesting detail: two of the suspects are said to have known each other from the Foreign Legion.

Who is it about?

The defendant D. F. is a member of the Hells Angels and their spokesman. The second defendant A. S. was, according to a Spiegel report, a former member of the Hells Angels and has already been convicted of tax evasion. Both are linked to B. GmbH, firstly as managing director and secondly as owner of the company.

The tax investigators suspect that B. GmbH was part of a so-called VAT carousel: As a result, new companies are constantly being founded. Goods are moved back and forth between these companies in real or fake form, invoices and credit notes are issued, and VAT fraud is committed.

What if… research had been done with Palturai?

We assume that the complex relationships between the companies and the people involved were researched with great effort and a great deal of time. Good work, but in our opinion too many resources wasted.

The Palturai BusinessGraph would have shortened the investigation considerably. With just a few clicks, the journalists would have received valuable insights. On the one hand, this concerns the data from the registry courts, which Palturai analyzes and then visualizes on a very intuitive interface. On the other hand, connections and relationships that are not initially obvious would have become visible, for example spouses in the business network or dubious company connections.
If only the journalists had asked us…
Our application is unique and enables very efficient research. We would be happy to show you the case described in a detailed demo.
Kategorie: • Nov 02, 2020