PracticeAccounting FirmsJDS hits ex-Queens Moat man with record fine

JDS hits ex-Queens Moat man with record fine

The largest fine handed out to an individual by the Accountant's Joint Disciplinary Scheme was confirmed this morning as Martin Marcus, former deputy chairman of hotel group, Queens Moat Houses, was ordered to pay £250,000 and costs.

Link: Marshall joins board at Queens Moat

A second JDS tribunal found that Marcus’s conduct amounted to dishonesty and he was also excluded from membership of the ICAEW.

Ex-Queens Moat FD excluded from institute

The tribunal report described the financial methods used by QMH as ‘a kind of accounting alchemy whereby losses were, quite literally, turned into profits’.

Bird Lurkin, former auditor of QMH in the mid-nineties, was severely reprimanded and fined £17,000 costs.

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