Called to account

Insight / Regulator finds trustee misconduct at educational charity

Charity Commission regulatory intervention has seen the reopening of a London school which was sold and shut by a trustee, who was responsible for serious misconduct and governance failings

Insight / Builder jailed for £110k tax fraud

A Bournemouth builder who evaded almost £110,000 in tax has been jailed over unpaid income tax and NICs 

Insight / Footballer Diego Costa settles Spanish tax allegations

Brazilian striker and ex-Chelsea star Diego Costa, who now plays for Atletico Madrid, is to pay €1.7m (£1.5m) to Spanish tax authorities to settle allegations of non-payment of taxes on image rights

Insight / Directors banned over £975k in false invoices

Three directors who secured credit by using their companies to submit false invoices to factoring companies have been banned for a total of 29 years

Audit / Former US KPMG director jailed over PCAOB tip-offs

Cynthia Holder, one of six accountants accused of tipping off KPMG about upcoming Public Company Accounting Oversight Board (PCAOB) inspections in order to improve the US firm’s audit scores, is the first to be jailed and has been handed an eight-month term for fraud

Insight / SEC fines property company $7m over accounting fraud

The US Securities and Exchange Commission (SEC) has charged Brixmor Property Group, a publicly-traded real estate investment trust, and four former senior executives with fraud

Insight / Called to Account: August 2019

In this month’s round up of the latest scandals, convictions and penalties, racehorse owning accountant ripped off own mother, fake spy and wife to repay £1m over false VAT claims and forged invoices, Lovell Blake’s clients conned by tax adviser and RAF mess charity caught up in £200k fraud

Insight / Debt bosses banned after £6.6m shortfall in funds

Two directors from the north west have been banned for 16 years after an accounting error led to a £6.6m shortfall in monies being held for insolvent estates, which resulted in the eventual collapse of the company

Insight / SEC charges three over $25m accounting fraud

A trio of former senior executives at a US engine manufacturing company are facing charges from the Securities and Exchange Commission (SEC) over their roles in an accounting fraud that deceived auditors and allegedly overstated the publicly-traded company’s revenues by almost $25m (£20m)

Insight / Call centre boss and accountant jailed in £2.3m tax fraud

The director of a Basingstoke call centre business and an accountant have been jailed for a total of seven and a half years after an investigation into a £2.3m income tax, national insurance and VAT fraud

Insight / Restaurateur served 12-year ban over £1m tax fraud

A jailed restaurateur has been banned from running companies for 12 years after he was found to owe HMRC over £1m in tax

Insight / Facebook to pay $5bn over data privacy lapses

Facebook is to pay a record-breaking $5bn (£4bn) penalty to settle Federal Trade Commission (FTC) charges that the company deceived users about their ability to control the privacy of their personal information

Insight / SEC charges accountant over $6.2m insider trading

The US Securities and Exchange Commission (SEC) has filed insider trading charges against an accountant who tipped off a friend about confidential financial information

Insight / Accountant ordered to pay back £680K from fraud

An accountant from South Wales who stole more than £1.7m while working for the government of Bermuda has been ordered to repay thousands in compensation

Insight / Called to Account: July 2019

In this month’s round up of the latest scandals, convictions and penalties, an accountant avoids jail over £90k expenses fiddle, a Porsche-loving fraudster gets four-year sentence, a charity finance manager is jailed for £170,000 invoice fraud while the Charity Commission finds serious mismanagement and misconduct by the trustees and CEO of a poverty aid charity
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