playboy fraudster with a penchant for fast cars is being hunted across Europe, after being found guilty of a multi-million-pound fraud.International arrest warrants have been issued for Raymond Nevitt, 43, who rubbed shoulders with celebrities and stars, while defrauding firms of more than £3 million.Nevitt, from Manchester, described by one police source as "a walking fraud machine" is believed to be in Puerto Banus or Marbella - and probably working on his next scam.He was first convicted of defrauding the taxpayer in 2006 - but was released on bail by a judge after his lawyers asked for him to be freed before he was due to be sentenced.Nevitt promptly vanished.He has now been convicted in his absence at Manchester Crown Court of five counts of fraudulent trading worth £3.25 million, following an 11-week trial.Nevitt, from a wealthy Jewish family of jewellers, set up a firm called Ravelle in 1991, which sold second-hand computer parts to the PC maintenance industry. The firm was successful at first, but began to falter, in part because he began to spend more effort enjoying a lavish lifestyle, concentrating on "wining and dining".Police began investigating the "Ravelle Group" of companies, including PC2GO Ltd and "Just Printers Ltd" in 2001. As his firms were going under they carried on trading - and Nevitt carried on his lavish lifestyle - despite knowingly having no prospect of being able to pay suppliers.The firm's finance director Jeremy Greene, 48, a chartered accountant, was convicted of three counts of fraudulent trading. Kay Boardman, 49, also a director, was convicted of one count of fraudulent trading.Both will be sentenced next month, along with Nevitt, if he is caught.