Private Sector

Two former Afren oil executives who laundered $45m (£34.83m) after deceiving the now collapsed company into a fraudulent $300m deal have been found guilty at Southwark Crown Court

http://www.cityam.com/266856/ex-afren-executives-guilty-300m-oil-business-deal-fraud-

The cake chain may have survived its High Court case but Patisserie Holdings admits it gave millions in share bonuses to its CEO and CFO

https://www.accountancyage.com/2018/10/25/patisserie-valerie-admits-millions-in-undisclosed-shares-given-to-ceo-and-cfo/

Director of BBS Improvements must complete 250 hours of unpaid work in the community  following his conviction at Worcester Crown Court. He has also been disqualified from being a company director for five years.

http://www.thebusinessdesk.com/westmidlands/news/2022530-building-company-director-sentenced-for-fraud-and-safety-breaches

Visit Isle of Wight’s former finance officer pleaded guilty in the Isle of Wight Magistrates’ Court on Tuesday to fraud and theft charges.

https://onthewight.com/finance-officer-abused-position-in-34000-fraud-and-theft-case/

Asset misappropriation, money laundering, insider trading, cyber attacks and general business misconduct are among the most frequently reported crimes, particularly by financial institutions.

https://www.financierworldwide.com/roundtable-corporate-fraud-nov18#.W8uwj2nwbIU

Patisserie Valerie is just the latest high profile organisation to face claims of potential fraud, inaccurate data and lack of financial controls

https://www.accountancyage.com/2018/10/19/was-lack-of-visibility-to-blame-for-patisserie-valerie-fraud/

The company’s future was thrown into question after it uncovered fraudulent activity around its financial accounts and was served a wind-up order by the taxman over £1.14 million owed to HMRC.

https://www.shropshirestar.com/news/uk-news/2018/10/14/patisserie-valerie-reportedly-had-10m-in-secret-overdrafts/

Two fraudsters have been jailed for a total of seven years after a Trading Standards investigation revealed they had scammed thousands of businesses out of a total of £220,000.

http://www.thebusinessdesk.com/eastmidlands/news/2019119-notts-businessmen-jailed-in-1.6m-fraud-case

The owner of Birmingham-based cake shop chain Patisserie Valerie has suspended its shares after the discovery of potentially fraudulent accounting.

https://www.expressandstar.com/news/business/2018/10/10/patisserie-valerie-owner-suspends-shares-amid-fraud-probe/

Two people have denied setting up a Telford company as a fraudulent business.

https://www.shropshirestar.com/news/crime/2018/10/10/two-deny-telford-bathroom-company-fraud/