Called to account

Insight / Director banned over £19m investment failure

The boss of a holiday parks firm has been banned for 14 years after the Insolvency Service discovered investors were owed more than £19m in a failed investment scheme involving luxury lodges

Insight / US rapper fined over bogus cryptocurrency

The Securities and Exchange Commission (SEC) has brought charges against a US rapper, a film producer and three others over allegations they promoted unregistered and fraudulent initial coin offerings (ICOs) using celebrity endorsements 

Insight / Events bosses banned for 18 years

A husband and wife team who ran an events and promotions marketing company based in Gateshead have been banned as director for 18 years after abusing the tax regime

Insight / Charity fraudster to pay back £250,000

A CEO who swindled a charity’s pension scheme out of more than £250,000 has been ordered to pay back the money following legal action by The Pensions Regulator (TPR)

Insight / Called to account: September 2020

In this month’s scandals, convictions and penalties, Illegal pension introducers ordered to repay after misleading investments, Ex CEO ordered to pay fine over accounting fraud charges, and Football club director’s bankruptcy extended over funds abuse

Insight / Herbalife Nutrition fined $123m over corrupt payments

Global supplement and weight management company Herbalife Nutrition Ltd has been ordered to pay over $123m (£91m) in fines and penalties for accounting violations, including the payment of bribes, following two regulatory actions in the US

Insight / Football club director’s bankruptcy extended over funds abuse

A former Northampton Town Football Club director has had his bankruptcy restrictions extended after abusing funds that should have gone to redevelop the club’s stadium

Insight / Jeweller given director’s ban over tax filing failures

A jeweller from north-west London has been given an 11-year ban after breaching a court order that allowed him to act as a director following an earlier disqualification, as well as abusing the tax regime

Insight / Ex-Hertz CEO to pay $2m over accounting fraud charges

The former CEO and chairman of Hertz, Mark Frissora, has been ordered to repay nearly $2m (£1.53m) in incentive-based pay to the US car rental giant, to settle charges relating to inaccurate financial statements and disclosures

Insight / Illegal pension introducers ordered to repay £10.7m

The High Court has ordered two companies and three individuals to pay a total of £10.7m in restitution to individuals who were illegally induced to transfer their pensions into self-invested personal pensions (SIPPs), following action by the Financial Conduct Authority (FCA)

Insight / Builder banned for false tax returns

A construction boss who owed more than £426,000 in tax and penalties to HMRC has been banned from running companies for nine years, after he caused his company to submit false tax returns

Insight / Property developers banned over tax debt

Two Scottish property developers have been disqualified after failing to pay tax on a land deal

Insight / Called to account: August 2020

In this month’s scandals, convictions and penalties, first arrest over fraud involving the furlough scheme, boss banned for paying himself bonuses as the company went into liquidation, and restaurateurs served with bans over tax failures

Insight / Four arrests in multi-million phone scam raids

Two men and two women have been arrested as part of an investigation into a suspected multi-million pound phone scam targeting UK taxpayers

Insight / Restaurateurs served with bans over tax failures

Two restaurateurs have been disqualified from managing companies after they caused their outlets to abuse the tax regime, owing more than £1m in tax between them
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