Private Sector

Head of Grant Thornton tussles with select committee over collapse of cafe and cake chain

https://www.theguardian.com/business/2019/jan/30/ex-patisserie-valerie-auditor-says-not-his-role-to-uncover?CMP=share_btn_tw

Last week Patisserie Valerie went into administration, yet the mystery around how its accounts were misstated so severely is far from solved.

https://www.accountancyage.com/2019/01/30/how-did-fraud-come-about-in-the-patisserie-valerie-case/#.XFFXPQ1K1js.twitter

Four former Barclays executives have pleaded not guilty to fraud charges brought against them by the Serious Fraud Office (SFO)

https://economia.icaew.com/news/january-2019/former-barclays-executives-deny-fraud-charges#.XD92nvjb7XM.twitter

Several former senior executives standing trial over alleged misconduct concerning 2008 cash injections.

Boss of Asian-style takeaway in Cardiff has picked up second disqualification after being caught running the business when he had already been banned.

Patisserie Valerie posted a bombshell update to the market this afternoon, admitting that its balance sheet was “significantly” manipulated and thousands of false entries were made into the high street baker’s books before a shock £40m black hole was discovered last year.

http://www.cityam.com/271730/patisserie-valerie-reveals-balance-sheet-significantly

A crooked estate agent has been jailed for four and a half years after carrying out fraud offences and perverting the cause of justice.

https://www.propertyindustryeye.com/crooked-estate-agent-jailed-after-fraud-and-perverting-the-cause-of-justice/

An accountant who embezzled cash from two companies, including a firm that was forced to make employees redundant, has been jailed for almost three years.

https://www.bbc.co.uk/news/uk-scotland-glasgow-west-46795027

In an update on the Patisserie Valerie case, the cake shop has now admitted there were delays and other issues with supplier payments.

https://www.accountancyage.com/2019/01/11/patisserie-valerie-admits-supplier-payment-issues-amidst-fraud-investigation/

This book has been produced by the Metropolitan Police Fraud and Linked Crime Online (FALCON) team to make you aware of the latest and most prolific scams.

http://www.gmp.police.uk/live/Nhoodv3.nsf/section.html?readform&s=F16B6D05DE4B9AC6802580AD00503BCB