The problems at Enron have highlighted what can happen when an accountant
goes off the rails. Indeed, the energy giant’s former CFO Andrew Fastow was
sentenced to ten years in a US jail for his sins.
Link: Click here to vote on who you
think is the World’s Worst Accountant.
But a brief trawl through the AccountancyAge.com archives reveals a
surprising number of finance professionals, fake accountants and just plain
fraudsters who have been tempted to fiddle the books.
Here are the worst offenders – most of whom were caught red handed.
Skilling faces 170-year jail sentence
Enron’s Jeffrey Skilling could receive a 170-year jail sentence if judge Tim
Lake issues the maximum sentence
Jailed Survivor winner ‘forgot to tell
Reality show winner jailed for tax evasion
Adviser jailed for stealing tax
Adviser gets five years for £790,000 fraud
‘Greedy’ accountant jailed
Shropshire accountant stole £60,000
Ice-cream CFO gets jail time
No sweet ending for former Ben & Jerry’s finance chief
TransTec’s ex finance head faces jail
The former FD of a company set up by Labour MP Geoffrey Robinson faces jail for
Prescott’s department tightens controls
after fake accountant jailed
Jailing of fake accountant prompts changes to controls at ODPM
Accountant jailed over oil fraud
Scottish accountant jailed for laundering cash as part of oil fraud case
Fraudster Leaf gets 12-year jail term
Conman who ‘deprived’ the Inland Revenue of £55m, of which the whereabouts of
£22m is unknown, is sentenced to lengthy jail term
Financier faces jail for £76m tax fraud
Eight-year investigation by HMRC uncovers £76m fraud by British businessman
Wembley CEO faces three years in US
Former CEO of gaming company Nigel Potter – a chartered accountant – is
sentenced to three years in US jail
More WorldCom executives head for jail
Jail term for former WorldCom management executive Betty Vinson – chief
financial officer is next
Enron finance executive jailed for
Former Enron finance executive sentenced over 1999 accounting sham
Legal aid lawyer jailed for fraud
It had been revealed that former Legal Aid lawyer Tim Robinson was jailed in
2001 for defrauding the Legal Aid Board.
Pop stars’ accountant jailed
The accountant who yesterday pleaded guilty to ‘milking’ over £1m from his pop
band clients has today been jailed for a year.
Ex-Computer Associates CFO admits fraud
The former chief financial officer of Computer Associates, along with two former
vice-presidents, have admitted to illegally boosting the software maker’s
Milk fraudster jailed
Leading fraud specialists have warned that senior public finance figures must
implement tighter financial controls, after a corrupt official stole hundreds of
thousands of pounds by abusing a licence to print blank cheques.
Five months jail for wife of ex-Enron
A US judge has agreed a plea bargain from the wife of the former chief financial
officer at Enron.
Terrorists launder £600bn through
More than $1 trillion (£600bn) in terrorism and drug money is laundered through
the world’s financial markets every year, according to the US federal spending
Former CSG finance chief faces jail
The former finance director of Corporate Services Group as well as its former
chief executive are both facing lengthy jail terms for accounting
Trainee accountant jailed over software
Bilal Khan, a 23-year-old trainee accountant, has been sentenced to 12 months in
prison and fined £15,000 for selling counterfeit software.
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