RegulationCorporate GovernanceCrooked accountant admits to 53 fraud charges

Crooked accountant admits to 53 fraud charges

A corrupt accountant has admitted to 53 charges of fraud, funnelling ?700,000 into his own account for a luxury lifestyle

Reading
Crown Court
has heard that Geoffrey Turner, a conman who had a string of
fraud and theft convictions dating back to 1970, was in charge of all finances
at marketing firm Market Penetration Services International (MPS) and its sister
company Business to Business
Internet International
, based in High Wycombe, and between 1998 and 2001,
signed 271 cheques worth thousands of pounds in his bosses’ or other employees’
names and channelled them into his own accounts.

Turner, who lived in the affluent commuter town of Blackwater, Hampshire,
admitted 53 charges including false accounting, obtaining money by deception,
theft and forgery, the Daily Mail reports.

Judge Gordon Risius called Turner ‘thoroughly corrupt and deceitful’, adding
that he had ‘seriously breached’ his employers’ trust and ‘almost bankrupted’
them.

Michael Libra, MPS retired group chairman, said he had estimated Turner’s
fraudulent activities cost the firm £700,000.

Further reading:

Court confiscates £41m from Izodia director

Accountant charged over £1.25m fraud scam

Read
story in the Daily Mail

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