Called to account

Insight / Wells Fargo fined $3bn over fake bank accounts

US regulators have slapped a $3bn (£2.3bn) fine on Wells Fargo bank over a long running scandal which saw its employees create millions of fake accounts in order to hit ambitious sales targets

Insight / Restaurateur served with ban over £570k tax fraud

An Aberdeen restaurateur has been banned for 11 years after the discovery of almost £800,000 of payments that were not declared to HMRC

Insight / Security firm boss banned over £400k tax bill

The boss of a Leeds-based security firm has been banned from being a director after failing to file or pay more than £400,000 due in taxes

Insight / Regulator scrutinises charity’s property transaction

The Charity Commission has opened a statutory inquiry into a South London based charity, Everlasting Arms Ministries, over serious concerns about its financial management

Insight / FCA fines car finance lender £2.77m over arrears failings

The Financial Conduct Authority (FCA) has slapped a £2.77m fine on Moneybarn Ltd, for poor treatment of thousands of customers when their car loans fell into arrears

Insight / £300k Shropshire accounts manager locked up again

A woman who served a jail sentence for defrauding a Shropshire construction firm has been sent back to jail over a separate fraud case

Insight / £870k fraudsters taken to the cleaners

A gang of benefit fraudsters has been sentenced at Manchester Crown Court for setting up fake companies and filing false invoices

Insight / Nissan seeks £70m damages from ex chair Ghosn

Nissan has filed a civil lawsuit against former chairman Carlos Ghosn seeking JPY10bn (£70m) in restitution for monetary damages resulting from what the Japanese car manufacturer called ‘years of his misconduct and fraudulent activity’

Insight / Charity pension trustee jailed for £250k fraud

The former head of a charity for the disabled has been jailed for five years for defrauding the charity’s pension scheme out of more than £250,000

Insight / Bristol housing charity underreported thousands in income

The trustees of a housing charity branded the ‘most prosecuted landlords in the UK’ have been found responsible for misconduct by the Charity Commission

Insight / PRA bans two credit union directors over governance failures

The Prudential Regulation Authority (PRA) has taken its first ever enforcement action against the directors of a credit union for their role in the collapse of Enterprise Business Credit Union Ltd (EBCU) in 2015

Insight / Called to account: February 2020

In this month’s scandals, convictions and penalties, a senior civil servant jailed for stealing from the Ministry of Justice and property pair sentenced for dodging capital gains tax on over 50 properties

Accounting / Airbus fined £3bn over ‘endemic’ corruption

French aerospace company Airbus is to pay over €3.5bn (£2.96bn) in fines globally to settle corruption charges, including almost €1bn to the Serious Fraud Office (SFO) as part of a record-breaking deferred prosecution agreement (DPA)

Insight / Printing company bosses jailed over £3.1m tax fraud

Five directors of an Essex printing company have been jailed over a £3.1m fraud, which saw employees' pay slashed and resulted in hundreds of thousands in unpaid taxes

Insight / Regulator fines FCA over pension compliance failure

The Financial Conduct Authority (FCA) has suffered the embarrassment of being fined by The Pensions Regulator (TPR) over deficiencies in the paperwork relating to its pension scheme
Subscribe