The former CFO of the US high-street fashion store has admitted to $19m
(£10.6m) in wire fraud over a period of seven years.
Sixty-year-old Martin Bodner used the company’s payroll scheme to increase
his salary and bonus payments, and so make illegal payments to himself,
reimburse his account for fake expenses and to also make payments to personal
creditors and a family member.
He now faces up to 40 years in prison.
According to court papers Bodner’s theft began in the middle of 2000 and
continued until December last year when he was fired.
Bodner has agreed to give up three properties and several cars as part of his
He will be sentenced on November 5.
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