The former finance officer to Texan billionaire Allen Stanford has pleaded
guilty to fraud,
James Davis, Mr Stanford’s former chief financial officer, has pleaded guilty
to three counts of fraud to obstruct the Securities and Exchange Commission
“I did wrong. I’m sorry. I apologise. I take responsibility for my actions,”
Davis said in court.
It came on a day when Stanford was rushed to hospital with high blood
pressure and an erratic heart beat, many times faster than the average rate,
potentially the result of sharing a prison cell with ten inmates in sweltering
Standford was charged with defrauding investors of $7b (£4.3b) in a mass
In a further blow, his legal representative Dick DeGuerin is attempting to
quit his case over fears about his payment.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season