It alleges Mark Kuhrt and Gilberto Lopez, accountants for Stanford-affiliated
companies, fabricated financial statements to the impression investments were
‘solid, safe and secure’.
Stanford International is alleged to have conducted a Ponzi scheme which
repaid investors using funds from other clients and not from returns generated
by certificates of deposit.
Lopez worked in Stanford Financial Group’s Houston office as the chief
He provided accounting services to many entities under Stanford’s control.
The regulator also alleges that the head of Antigua’s Financial Services
Regulatory Commission helped Stanford run his scheme for at least a decade, by
conducting fake audits of Sir Allen’s company records.
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
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.