A British Court has authorized seizure of assets worth £2.7 M including cryptocurrencies from controversial influencer siblings Andrew Tate and Tristan Tate over unpaid taxes. The court had observed that Tate brothers failed to pay taxes on £21 million from the earnings generated in their online businesses between 2014 and 2022, that include their crypto ventures as well.
As per court documents, Tate brothers had covered up their income and could not keep up with tax obligations in the UK and Romania, where they have lived since 2017. The funds targeted for seizure, which includes cryptocurrency holdings, which were frozen across seven accounts.
The fine from British Court on Andrew and Tristan Tate comes after the duo was arrested in Romania over charges of rape, sexual assault and human trafficking. Andrew Tate is a former kickboxer and a dual British-US citizen. The Tate brothers’ businesses include War Room, Hustlers’ University, Cobra Tate, and content on platforms like OnlyFans. Both Tate brothers are known to be outspoken on social media with problematic views on women and have also invested in various crypto projects including $DADDY token.
Judge Paul Goldspring found evidence of deliberate tax evasion and a critical increase in the brothers’ legal troubles across multiple jurisdictions. Further, as per reports, some of the seized funds are being claimed to have emerged from their alleged involvement in human trafficking, rape, and other criminal activities in Romania. Romanian agents claim that the brothers formed a criminal gang and exploited victims through false promises of love and marriage.
Prosecutors argue that their earnings are excessive due to their lack of formal qualifications, business assets, or intellectual property.
A spokesperson stated, “From the outset, we have aimed to demonstrate that Andrew and Tristan Tate evaded taxes and laundered money through bank accounts located in Devon. Both individuals are alleged to have concealed the origins of their income by channeling money through ‘front’ accounts, constituting criminal activity and rendering those earnings proceeds of crime.”
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