BBC News
watch One-Minute World News
Last Updated: Thursday, 27 March 2008, 20:21 GMT
Hunt for 3m 'playboy' fraudster
Ray Nevitt
Raymond Nevitt is believed to be in Spain
A man who funded his playboy lifestyle and love of fast cars with a 3.25m fraud is being hunted across Europe.

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.

'Complex fraud'

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."



VIDEO AND AUDIO NEWS
Raymond Nevitt believed to be in the Costa del Sol



RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific