|
|
25 Jun 2009
It alleges Mark Kuhrt and Gilberto Lopez, accountants for Stanford-affiliated companies, fabricated financial statements to the impression investments were ‘solid, safe and secure’.
Stanford International is alleged to have conducted a Ponzi scheme which repaid investors using funds from other clients and not from returns generated by certificates of deposit.
Lopez worked in Stanford Financial Group’s Houston office as the chief accounting officer.
He provided accounting services to many entities under Stanford’s control.
The regulator also alleges that the head of Antigua’s Financial Services Regulatory Commission helped Stanford run his scheme for at least a decade, by conducting fake audits of Sir Allen’s company records.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment