Private Sector

A judge said the was ‘there was no boundary of dishonesty’ Stephen Day was not prepared to cross.

Accountant jailed over ‘industrial scale dishonesty’ to fund lavish lifestyle | Shropshire Star

The Serious Fraud Office (SFO) has launched an investigation this morning into the Buy2Let Cars parent company Raedex Consortium for an unauthorised customer investment scheme.

Buy2Let Cars parent company under investigation by serious fraud watchdog - CityAM : CityAM

Manipulation of a company’s financial position can be difficult to prevent when carried out by a senior staff member. Chartered accountants are well placed to help organisations assess whether controls are sufficiently robust to detect and deter fraudulent behaviour.

The chief financial officer who tried to trick the market | ICAEW

A judge in the Outer House has opened the way for a criminal prosecution against the Crown Office and police over a malicious Rangers fraud probe, saying it is in the interests of justice that evidence in the case is disclosed.

Malicious Prosecution Scandal: In ‘interests of justice’ to disclose evidence to aid criminal case against Crown Office - Scottish Legal News

A car retailer has avoided jail after admitting a £23,000 fraud to meet debts built-up as the result of a “significant midlife crisis”.

https://www.am-online.com/news/latest-news/2021/04/01/.YGb4HnWa860.twitter

Why there has never been a more important time where chartered accountants must stand up and protect businesses, explains David Clarke, Chairman of the Fraud Advisory Panel.

COVID fraud: CAs are the ‘ultimate gatekeepers’ | ICAEW

A Santander manager from Bicester, who raided the bank accounts of “mostly elderly and vulnerable customers” has been given a prison warning after admitting her £179,900 fraud.

Santander Bicester bank manager gets prison warning after fraud | Bicester Advertiser

Dozens of former Post Office workers who say they were wrongly convicted of theft, fraud and false accounting because of a defective IT system are battling to clear their names at the Court of Appeal.

Dozens of former Post Office workers appeal theft and fraud convictions - Kent Live

Businesses seeking to demonstrate that they relied on a misrepresentation made by others – a vital step in raising claims of fraudulent misrepresentation – generally have to be able to evidence their awareness of the representation made in the first place, the High Court in London has confirmed.

https://www.pinsentmasons.com/out-law/news/test-for-fraudulent-misrepresentation-further-clarified-in-libor-case

LONDON, March 18 (Reuters) - Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion.

https://www.reuters.com/article/britain-accounts/britain-sets-sights-on-big-four-auditors-in-market-shake-up-idUSL8N2KF2RV