The York woman who was on the National Crime Agency’s most wanted list for nine years has been jailed.
Sarah Panitzke, 48, finally faced justice when she appeared at Kingston Crown Court in south-west London today (Friday, 10 June).
Panitzke, from Fulford, absconded in May 2013 while standing trial for money laundering offences. She was convicted and sentenced in her absence to eight years in prison.
Panitzke and her 17 co-conspirators were given sentences totalling 135 years for a multimillion-pound VAT fraud, HM Revenue and Customs said after her arrest.
Police officers arrested Panitzke while she walked her two dogs in the small town of Santa Barbara near the Catalan coast on 27 February.
The operation was led by the Spanish Guardia Civil, working alongside HMRC.
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Panitzke launched an appeal against extradition proceedings, which failed, and she was returned to the UK on Thursday, HMRC said after the court case.
Judge Sarah Plaschkes QC said: “As you have heard you were sentenced in your absence by his honour Judge Campbell at this court on the 22nd August 2013 to eight years imprisonment.
“That sentence will start today now that you have been extradited to this country.
“That means that you will serve at least half of that sentence in custody before you may be released on licence.
“When you are released on licence, if you commit any further offence you may serve the rest of your sentence in custody.
“In the circumstances, there are no further orders that I need to make and nothing further that I need to say.”
Panitzke, who was not visible from where press were seated, stood only to confirm her name.
‘No one beyond our reach’
Panitzke grew up in Escrick and went to York College for Girls, then later St Peter’s.
A confiscation order for £2,455,913 was made against Panitzke in her absence on March 22 2016, and she was given three months to pay the full amount or face an additional nine years in prison.
No money has ever been paid towards the confiscation order, HMRC said.
The total amount outstanding, including interest, continues to accrue at a rate of £538 a day and had reached £3,470,575 by May 2022, HMRC added.
Following her arrest in February, Simon York, director of the Fraud Investigation Service, HMRC, said “Sarah Panitzke was one of Britain’s most-wanted tax fugitives.
“She played a pivotal role in a multimillion-pound VAT fraud and moved millions through offshore bank accounts.
“Panitzke thought she had put herself outside of the reach of HMRC, but through our work with UK law enforcement and international partners we have tracked down another tax fugitive. No tax criminal is beyond our reach.
“We have helped secure the return of more than 60 fugitives since 2016, including some of the UK’s most-harmful tax cheats.”