Kenneth Lonchar claimed he had an MBA from Stanford University which was an outright lie. The fact was brought to the attention of Veritas by an undisclosed outside source.
The companies share price were down 19% as investors became worried about the performance of the group after Lonchar’s departure.
But chief executive, Gary Bloom said that the incident was an isolated one and would have no bearing on the groups financial results.
Lonchar is the latest in a long line of chief financial officers and finance directors to be ousted following a mixture of lies and poor results.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016