A man who funded his playboy lifestyle and love of fast cars with a £3.25m fraud is being hunted across Europe.
Raymond Nevitt is believed to be in Spain
International arrest warrants have been issued for Raymond Nevitt, 43, from Manchester, after his conviction at the city's crown court on Thursday.
He was found guilty in his absence of five charges of fraudulent trading worth £3.25m after an 11-week trial.
Nevitt, who vanished after a conviction in 2006, is believed to be in Puerto Banus or Marbella in Spain.
He was first convicted of defrauding the taxpayer in 2006 but was released on bail by a judge before being sentenced.
Manchester Crown Court heard Nevitt described as a "slick, brash and forceful" man who once took part in the Gumball Rally.
He was featured on television alongside celebrities such as Damon Hill and Vic Reeves during the international road-race.
Nevitt used money from his firm, computer parts company Ravelle, to fund his lavish lifestyle, including exotic trips and fast cars.
Greater Manchester Police began investigating the "Ravelle Group" of companies, including PC2GO Ltd and "Just Printers Ltd" in 2001.
As his firms were going under Nevitt forged paperwork so firms would lend him money on the strength of bogus orders.
IBM Global Financing lost £1,600,000 whilst Barclays Sales Finance lost £654,857. Other creditors lost about £1,000,000, the court was told.
Det Con Julian King, from Greater Manchester Police Commercial Fraud Unit, said: "This was a complex and elaborate fraud that allowed Nevitt to live an opulent and lavish lifestyle.
"Several small companies also failed both in the UK and on the Continent as a result of this fraud.
"Ray Nevitt has lots of contacts in the north-west, and some areas of Spain, and many people will recognise him. If anyone knows where he is, I urge them to call us."