- Tate reportedly transferred the deposit from a Coinbase cryptocurrency account.
- UK authorities claimed no tax or VAT had been paid on the Aston Martin funds.
- Last December, British police seized $3.6 million from Tate over unpaid taxes.
Andrew Tate, the controversial internet figure known, among other things, for bragging about his collection of more than 70 luxury cars, including two Koenigsegg Jeskos and a Bugatti Chiron Pur Sport, now faces a costly setback. UK authorities have seized a £180,000 ($244,000) deposit he placed on an Aston Martin Valhalla, alleging the funds were tied to tax evasion and money laundering.
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Read: Aston Martin Valhalla Battles Italians With 1,064 HP PHEV V8
The Westminster Magistrates’ Court says that Tate paid the deposit in July 2021. The funds, transferred to Aston Martin, came from a Coinbase cryptocurrency account allegedly linked to the business activities of Andrew and his brother Tristan. According to Sarah Clarke KC, representing Devon and Cornwall Police, neither tax nor VAT had been paid on the money.
Ongoing Financial Scrutiny
This isn’t the first time UK authorities have taken action against the Tates. In December, officials seized nearly £2.7 million ($3.6 million) from the brothers across seven frozen bank accounts. Investigators allege that the Tates failed to pay taxes on roughly £21 million ($28 million) in revenue from their online ventures.
“This latest judgement follows on from our applications made against the Tate brothers, which resulted in a successful ruling in December 2024 and the forfeiture of nearly £2.7m of criminal funds,” Deputy Superintendent Jon Bancroft said to the Independent.
“From the outset, we aimed to demonstrate that Andrew and Tristan Tate evaded their tax obligations and laundered money. We succeeded in doing exactly that, and we have succeeded again this week,” he added.
According to the BBC, neither Andrew nor Tristan opposed the orders. Under the Proceeds of Crime Act, the seized money will be redirected to support communities, vulnerable individuals, and victims of crime.
Legal Troubles Beyond Finances
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This isn’t the only piece of local trouble Tate has found himself in over in the country. He is also scheduled to stand trial next year following allegations of rape and sexual violence from four women.
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Lead image Aston Martin / Andrew Tate TheRealWorld
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