Nicholas Fraser, a member of the ICAEW, his brother Lincoln Fraser and Jared
Brook, are alleged to have duped investors through their Imperial Consolidated
Group of Companies, which they operated between January 1998 and June 2002.
The three have pleaded not guilty in the case, investigated and brought to
court by the Serious Fraud Office.
In his opening statement, SFO prosecutor Tim Barnes QC alleged the three had
obtained ‘hundreds of millions of pounds from investors worldwide. Instead of
receiving their money back, plus the promised and the generous rate of return
which had been committed to, most of the investors lost everything,’ said
The scheme stopped in June 2002 when Imperial Consolidated Companies went
Jurors were told Fraser and his accomplices had bought a £1.1m aeroplane, and
conducted false accounting to depict a thriving group of companies.
The case continues.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com