The producer and director of horror-musical Eldorado, starring former Dr Who Sylvester McCoy, Darryl Hannah, David Carradine and the voice of Peter O’Toole, has been found guilty of a £1.5m Vat fraud.
As reported by This is Cornwall, Southwark Crown Court heard on Tuesday how Richard Driscoll, who ran a studio in Redruth, Cornwall, falsified invoices for the costs of making Eldorado and two other films (Watchmen Hellgate and Back2Hell) in order to reclaim Vat and set up a number of associated companies that were used to commit the offences.
The claims for repayment of £1.5 million Vat was based on production costs of more than £9m ($14m) but investigators found that the costs were actually less than £1m ($1.6m).
Bogus invoices were sent to support the false repayment claims. Other invoices were genuine but had their values inflated.
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