Called to account

Insight / Bristol charity criticised for £48k unauthorised payments

A supported housing charity operating in Bristol has been sanctioned by the regulator over long-running financial management failings and unauthorised payments to trustees

Accounting / US analytics firm fined $5m for fake revenue reporting

Global analytics firm Comscore has paid a $5m penalty after the US Securities and Exchange Commission (SEC) claimed the firm, which measures internet traffic, had made false and fraudulent claims about its revenue 

Accounting / Nissan and ex-CEO pay $16m to settle SEC fraud charges

Nissan has paid $15m (£12m), and its former CEO Carlos Ghosn has paid $1m and been given a 10-year company officer ban, to settle fraud charges brought by the Securities and Exchange Commission (SEC) relating to failure to disclose over $140m of pay and benefits

Audit / PwC fined $7.9m over audit independence failures

PwC is to pay $7.9m (£6.3m) to settle claims by the Securities and Exchange Commission (SEC) that the US firm and one of its partners violated auditor independence rules and engaged in improper professional conduct

Insight / Regulator winds up educational charity over ‘reckless’ spending

An educational charity has been wound up by the regulator after an investigation revealed trustees had been ‘reckless’ with funds, including spending some charitable donations on fast food purchases

Tax / Wholesalers top HMRC’s £13m deliberate tax defaulters list

HMRC’s latest quarterly list of deliberate tax defaulters is topped by three wholesale suppliers, each of which paid over £1m in penalties for underpaid tax, while fast food outlets, hairdressers, hauliers and grocery shops also feature among the more than one hundred ‘named and shamed’ businesses found to be owing some £13m

Insight / Restaurant bosses banned for cooking the tax books

Two restaurateurs from Glasgow have been banned for a total of 17 years for failing to pay HMRC more than £4m in taxes owed from a string of businesses

Insight / Accountant jailed for £140k fraud at family-run business

A former accountant at a family-owned business in London who fraudulently transferred more than £140,000 worth of payments to her personal account has been jailed after her champagne lifestyle aroused suspicions

Insight / Jailed boss to repay £300K tax fraud or do extra time

A jailed airport car park boss must repay almost £300,000 deducted from employees under PAYE but never paid to HMRC, or face another three years behind bars, a court has ordered

Insight / EY employee conspires in £76k staff fraud

An Ernst & Young executive assistant and her husband have been given prison sentences for a £76,000  fraud carried out by the couple over four years, using credit card and personal details stolen from a large number of EY employees

Insight / Ban for boss who prioritised directors loan over creditor payments

The boss of a greetings card business has been disqualified for six years after approving transactions that were detrimental to creditors, who were owed over £1.7m when the company went into liquidation

Insight / Called to account: September 2019

In this month’s round up of the latest scandals, convictions and penalties, an ex-KPMG accountant is jailed over PCAOB inspection tip offs, a gambling-addicted Devon dairy trader sentenced in £900k VAT scam, a call centre boss and accountant get seven and a half years for £2.3m tax con, a builder is put behind bars for £100k tax fraud and a bouncy castle director gets banned

Insight / Haulage boss and accountant jailed over tax fraud

An accountant at a haulage company has been jailed for three years while his boss received a 30-month sentence after lying about VAT, National Insurance Contribution and PAYE payments

Insight / Supercar-loving father and son sentenced for £1.5m horse box VAT scam

Lavish lifestyle of Ferraris and Aston Martins revealed as duo who hid money in bathroom safe are sentenced after investigation into a £1.5m VAT fraud

Insight / Forex business in record £7.8m money laundering fine ‘ignored regulations’

A west London money transmitter has been landed with a £7.8m penalty after it ignored anti-money laundering regulations following an HMRC investigation
Subscribe