Bankrupt Geordie Shore star Scotty T has been banned from running a business by the UK government after taking $260,000 from his failed company’s account to fund his party lifestyle.
The Celebrity Big Brother winner, 32, who has since resorted to selling nude pictures and video on OnlyFans, was black-listed earlier this month for his “improper conduct” while acting as director of ”entertainment activities” firm Scotty T Limited, which is set to be dissolved on March 21 after going under in May 2018.
As well as owing about $A260,000 of company money, Scotty T – who was declared personally bankrupt in March 2019 – also racked up $A196,401 in missed tax payments related to the business dating back to August 2015.
Scotty T was found to have received $A313,483 – almost half of the funds deposited into his company’s bank account between February 2016 and April 2018 – “either directly or for his own benefit”.
Last month, the Insolvency Service reported that the star “failed to ensure (the business) met its financial commitments as regards to Corporation Tax and VAT and caused Scotty T (Limited) to continue trading while withdrawing funds for the benefit of himself. As a result Scotty T (Limited) became unable to meet its financial commitments to HMRC.”
As of the undertaking, it was not known if any agreement had been made for Scotty T to repay the $A260,000.
As a result of the investigation, he was disqualified from serving as director of a company earlier this month until July 2024.
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The star’s discharge from bankruptcy restrictions, which usually occurs after a year, has been suspended indefinitely as allegedly he did not comply with proceedings.
In December – the same month of the Insolvency Service’s undertaking – Scotty T began charging up to $65 for subscriptions to “full frontal” and “XXX movie style” content on adults only app OnlyFans.
He shot to fame in 2012 on the popular UK reality TV series, which streams locally on Binge.
Scotty T’s representative was approached for comment.
This article originally appeared on The Sun and was reproduced with permission