PracticeConsultingAccountant expelled following fraud

Accountant expelled following fraud

A Gloucestershire accountant has been expelled from the profession following a fraud conviction for stealing more than £600,000 from Coopers & Lybrand and other consultancies.

The English ICA tribunal found against Jonathan Ashcroft, 39, of Broadwell, who is serving a 42-month jail sentence handed down at Oxford Crown Court last auturmn. The tribunal ordered him to pay costs of £1,022 and said he will not be considered for readmission to the institute for seven years.

It found that ‘in a Crown Court the defendant pleaded guilty to an indictment containing five offences of furnishing false information and four offences of obtaining a money transfer by deception’.

He was charged with submitting false invoices to the Pera Group worth over £300,000, and stealing from Coopers during 1995.

The institute’s tribunal heard that he had no previous record of disciplinary complaints and had co-operated with the police. Ashcroft sold his family home and personal belongings to maximise repayment.

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