A Little Bit Of Background: There Was A Crooked Man …
Dave King was in legal trouble a long time. The South African tax man accused him of running a number of pump and dump scams and then hiding the proceeds in offshore trusts called Ben Nevis and Glencoe. As is so typical with this eejit it was his ego that got him caught; King gave an interview to a newspaper over there where he boasted of how he had purchased an expensive painting at an auction and a minor tax inspector read it.
The rest is history. Of the worst kind.
King eventually pled guilty to income tax evasion and a slew of minor charges. He could have gone to jail for over 80 years. He paid monumental fines which all but wiped him out. What’s not so commonly known because the media never reports is that another part of his deal involved the South African government dropping even more serious charges against him including fraud, forgery and bribery. The scale of what he did over there is hard to quantify.
He was not only reckless but arrogant.
He went head to head with the government believing he could win by spending more than they could afford to. But his pig-headedness made him public enemy number one over there and with every egotistical pronouncement they grew more determined to bring him to heel.
He courted further trouble at every step.
The man is a born criminal, but he’s also a born gambler.
Sadly, for Sevco he’s not a particularly good one. The evidence against him was overwhelming. With the certainty of jail looming he cut and run … because that’s what he does. Right to the edge, but no further. A gambler yes, but ultimately gutless.
No sooner had he been cleared but he was off and running with a brand new scam … and that’s the one that brought him to Scotland again.