Called to account

Insight / SEC brings charges over $4m data hack

The Securities and Exchange Commission (SEC) is charging nine defendants who hacked into the regulator’s electronic data gathering, analysis, and retrieval (EDGAR) system and extracted non-public information to use for $4m (£3.09m) of illegal trading

Insight / Takeaway boss picks up second director ban

The boss of Asian-style takeaway in Cardiff has picked up a second disqualification after being caught running the business when he had already been banned for failing to pay significant amounts of tax

Insight / Accountant jailed for £125k double fraud

An accountant who committed a fraud at one of her employers, which meant the company had to make five redundancies among staff, and who then went on to steal money from a second business has been jailed for 32 months

Insight / Three sisters jailed for £323k VAT scam

Three sisters from Manchester have been jailed for a total of 60 months after stealing the passport details of tourists to falsely claim £323,000 in VAT refunds

Insight / £9.8m VAT fraud one of HMRC’s top criminal cases in 2018

A church leader who lied about charity donations to fraudulently claim £150,000 Gift Aid repayments and five fraudsters who falsely claimed £13m in tax repayments are two cases which have made HMRC’s top 10 criminal cases of 2018

Insight / Called to account: best of 2018

Accountancy Daily brings you a selection of cases involving members of the accounting profession – and a few others – who did not escape the long arm of the law during 2018

Insight / Property developers banned for total of 54 years

Six directors have been banned for a total of 54 years after they misled more than 300 people to invest £12m into residential property developments

Insight / Restaurant owner jailed for £1m tax fraud

A Chinese restaurant owner, who evaded more than £1m in tax by claiming his business made pottery and had a tiny turnover, has been jailed for three years, following an HMRC investigation

Insight / Director banned for assisting client’s £1.65m fraud

An accountancy firm director has been given a 12-year disqualification from running companies after he helped one of his clients to defraud creditors of more than £1.65m

Insight / Restaurant owner ban for £120K tax payment takeaway

A mother and son who ran a restaurant in Blackburn have been disqualified for seven and four years after they under-declared the company’s full cash takings to the tax authorities

Insight / Racing driver finishes last with three-year jail sentence

A company director, who funded his hobby racing sports cars across Europe through a £450,000 tax fraud, has been jailed for three years and four months

Insight / Landlord back in jail over CGT evasion

A Hampshire tax fraudster has been sent back to jail for failing to repay the £190,555 he obtained by evading capital gains tax (CGT) by failing to declare earnings from property sales

Tax / Payroll services company tops HMRC defaulters list owing £12m

An online electrical goods seller based in China and a payroll services company from London top the latest HMRC of tax defaulters, while takeaway owners, dog breeds and IT consultants are among others to be named and shamed

Insight / FCA ban and £20K fine for investment adviser

The Financial Conduct authority (FCA) has banned Angela Burns from acting as a non-executive director (NED) and fined her £20,000 for failing to act with integrity at two mutual societies because she did not notify them of potential conflict of interest

Insight / Mobile phone boss rings up 10-year ban

A Glasgow mobile phone boss who submitted false tax returns and fake accounts, resulting in non payment of over £500,000 in tax, has been banned for ten years following an Insolvency Service investigation
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