Brothers face jail for construction firm £7m tax fraud used to buy boats, cars and holiday homes

dailyrecord.co.uk:

A construction company boss is facing a lengthy prison sentence after committing a tax fraud that ran to more than £7m. Mark Stead, who was the director of Pink Innovations and Pink Services Ltd, a construction installation firm, lived an illegitimate life of luxury.

The 49-year-old spent his ill-gotten gains on boats, caravans, holiday homes and putting his children through a private education.But devious Stead also dragged four other people into his elaborate scheme – including his wife and brother, reports Hull Live.

His brother David Stead, 61, was also told he faces prison.The two men appeared at Hull Crown Court on Friday alongside Mark Stead’s wife Jennifer Everett, 44, Denise Milestone, 61, and Benjamin Wragg, 32.

All had previously pleaded guilty to fraud charges except for David Stead, who was convicted after a trial.Mark Stead ran the business on the Estuary Business Park, on Henry Boot Way, Hull, and in the village of Laceby near Grimsby.