AN EXPERIENCED ACCOUNTANT, who had served as Wrexham FC’s chief executive, has been jailed for 16 months after admitting fraud at one of his previous businesses.
Paul Retout, 53, admitted to submitting false invoices while as a partner at Quadrangle Group between 2007 and 2008.
The ICAEW-qualified accountant had started at the group as a financial controller in 1989, reported the BBC. He left Wrexham in 2010.
His “chaotic” family life led to him making claims for work that had not been undertaken. He had shown remorse for his actions, Judge Nicholas Jones said at Kingston Crown Court. Retout has also made a part-repayment of the defrauded money.
Retout is listed as a principal of Tax By Return, an accountancy firm based in north Wales. He qualified as a chartered accountant in 1984 and joined a merchant bank in 1986 as FD.
BDO has announced a worldwide technology and services collaboration with Microsoft that will accelerate the digital transformation of their clients’ businesses
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.
2020CA has merged with accounting, tax and business advisory firm Beavis Morgan to form BM2020.
A new head of forensic accounting, Daniel Djanogly, has been appointed at insolvency firm CVR Global to expand forensic services