Called to account

Insight / Boss jailed for fraudulently moving £51k in funds

The boss of a personal injury claims business has been jailed for 21 months and banned for seven years after fraudulently removing company funds in the months before the courts would make a winding-up order resulting in the closure of the business

Insight / Jail term for London grocer’s £120k VAT fraud

A London man who set up fake companies, including a jewellery shop and a holiday villas firm, as part of a £120,000 VAT fraud has been jailed for three years, following an HMRC investigation

Insight / 11-year ban for financial investor over client funds abuse

A financial investor has been disqualified for 11 years after an Insolvency Service investigation found he had abused thousands of pounds worth of client’s funds which were invested in volatile foreign exchange markets

Insight / Tax fugitive jailed for £5m fraud

HMRC has reported that one of the UK’s most wanted tax fugitives, who escaped to Ireland 12 years ago, has finally been sent to jail for committing a £5m tax fraud, and faces a repayment order for over £7m

Insight / Called to account: November 2018

In this month's roundup of cases and disqualifications, company bosses jailed over £360k tax fraud, jet-setting tax fraud couple to repay £350k, businessman sentenced for £180k tax fraud

Insight / Trainee accountant sentenced for £30K VAT fraud

An HMRC investigation has found that a trainee accountant produced fake invoices between two businesses to fraudulently reclaim more than £30,000 in VAT

Insight / First fine for accountant under TPR enrolment rules

The accountant of a London cafe has been ordered to pay £6,857 after he admitted falsely claiming to The Pensions Regulator (TPR) that staff had been enrolled into pensions

Insight / Car-hire company director banned for failing to keep company records

The director of an Edinburgh private car-hire company has been given a seven-year disqualification for failing to maintain and preserve adequate company records, following an Insolvency Service investigation which found £60,000 was owing to HMRC

Insight / Somerset man jailed for £650K VAT fraud

A man from Somerset who claimed almost £650,000 in fraudulent VAT repayments as the director of a construction company has been jailed after an investigation by HMRC

Insight / Jail destination for travel agent who failed to account for funds

A Birmingham travel agent has been jailed and banned from running companies for seven years after he failed to explain the whereabouts of thousands of pounds of missing funds

Insight / SFO sees former oil company execs convicted of fraud

The former CEO and chief operating officer (COO) of collapsed oil company Afren have been convicted of fraud and money laundering over a $300m (£232m) oil business deal, marking a significant legal victory for the Serious Fraud Office (SFO)

Insight / Seven-year ban for company boss over tax failures

An engineering boss from Peterhead, Aberdeenshire, has been given a seven-year ban from running companies after an Insolvency Service investigation found he had failed to pay the correct tax for four years

Audit / US regulator suspends BDO accountants over audit filing failures

Three former BDO USA accountants have been suspended by the Securities and Exchange Commission (SEC) for their improper professional conduct during an audit of an exchange-listed insurance company, which included predating documents

Insight / Six men jailed for £17m solar panel fraud

Six men have been sentenced for a total of just over 30 years for their part in a £17m solar panel fraud scheme following a lengthy investigation by the Serious Fraud Office (SFO), Insolvency Service and several other organisations

Insight / Called to account: October 2018

In this month's roundup of cases and disqualifications, £175K tax fraud leads to 16-month jail sentence for business owner, seven-year ban over £500K VAT understatement, tax consultant jailed for £6.9m payroll fraud
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