A former Ernst & Young (R&Y) partner together with an investment
banker were charged in US District Court in Manhattan with conspiracy to commit
securities fraud and 11 counts of securities fraud.
James Gansman, the former E&Y partner, and Donna Murdoch, the investment
banker, were accused of joining a scheme to trade illegally on seven separate
potential merger and acquisition transactions which involved E&Y clients,
Forbes magazine reports
Prosecutors said Gansman provided tips and Murdoch used them to trade
securities in personal accounts, earning more than $390,000 in profits.
The illegal trades allegedly took place between May 2006 and December 2007,
while Murdoch was working as a consultant and an investment banking managing
director at a broker-dealer and investment and financial services company.
Does Darwin's theory apply to taxation? Colin ponders...
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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
Six new partners have been revealed by top ten firm Mazars