PracticeAccounting FirmsAccountant charged over £1.25m fraud scam

Accountant charged over £1.25m fraud scam

Court told that Peter Rust used a client's account to process more than a million pounds taken from 30 victims

Peter Rust, a 58-year-old accountant, used a client’s bank account to collect
money as part of a £1.25m scam, the St Albans Crown Court was told.

Rust allegedly used the Barclays account of one of his clients to collect
money from 30 victims conned into handing over funds as part of an email hoax
promising inheritance and lottery wins.

It is alleged that Rust used his position as the sole principal of Fordyce
Curry & Co to collect the cash in the Barclays account before moving it
offshore.

Rust pleaded not guilty to charges of facilitating the use or acquisition of
criminal property. He also denied charges of forwarding false information,
the Times reports.

The case continues.

Further reading:

Fraud costs double for UK plc

Bribery loopholes blight UK accounting

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