14 May, 2014 @ 13:01
1 min read

Expat fraudster’s yacht up for sale in confiscated goods auction

NOTORIOUS Costa del Sol fraudster Toni Muldoon is getting his final comeuppance with the auctioning of his treasured yacht.

While ‘Timeshare Toni’ languishes in a UK prison, the Spanish Inland Revenue is selling his 11-metre ‘Caribbean Lady’ as part of its confiscated goods auction.

Muldoon, 67 – who was described by the Ipswich judge as ‘a thoroughly dishonest, manipulative and mean individual’ – was jailed last July for his involvement in a €6.6 million escort and debt recovery scam.

His Costa del Sol-based gang conned some 14,000 people into signing up to be ‘non-sexual companions’ – each paying between £250 and £400.

They persuaded a further 3,300 people to hand over between £540 and £2,000 each to be part of a scheme which claimed to write off credit agreements.

Before being confiscated, the pleasure boat took tourists dolphin-spotting in Benalmadena.

Now moored in Malaga, it is expected to fetch up to €40,000 at the auction next week.

It is clear from the eclectic mix of lots that cash-strapped Inland Revenue is keen to auction off whatever it can for extra funds, aiming to beat last year’s total of €300 million.

A Benidorm amusement park, a jacuzzi, some 50 bras for ‘an older lady’ are also up for grabs.

More modest bidders can pick up 450kg of coal, a coffee maker, some Cuban cigars or one of 1,571 bicycles.

More than a million buyers have already signed up for the annual online auction of confiscated goods, to be held on May 21.

Imogen Calderwood

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1 Comment

  1. Hi there,

    Just referring to your article in the paper about the auction you are referring to next week about the auction of Toni Muldoon’s boat. Would be interested in seeing what else is available at the auction.

    How do I sign up for the online auction. Would appreciate your help and look forward to hearing from you.


    Lynne Carlton

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