Saturday, May 1, 2010

Who is the world's worst accountant? - PART II

In six months since our last 'world's worst accountant' special there have been a surprising number of fakes, frauds, scammers and rogues in the headlines.

From ill-advised celebrities to corporate high-fliers to humble bookkeepers; too many have been tempted by the dark side of the numbers game.

Obviously, not all of these individuals are accountants, but whoever they are, they must have had some of the worst financial advice in the business.

Read the stories below to see who was caught in the act. But a little parental advisory: don't try this at home, kids!

Wesley Snipes faces court over unpaid tax bills. Snipes will raise the defence that he didn't pay six years in tax on the advice of tax accountants.

Austrian accountant jailed for embezzling human rights funds. Stolen money paid for breast augmentation and a nose job of accountant's 31-year-old mistress.

Daewoo founder pardoned for accounting fraud. Kim Woo-choong pardoned by president for corporate failure of motor manufacturer.

Ex-Morgan Stanley analyst jailed for tax fraud. A former investment banking analyst working for Morgan Stanley in the UK faces up to 4½ years’ jail for grand larceny.

Crooked accountant admits to 53 fraud charges. A corrupt accountant has admitted to 53 charges of fraud, funnelling ₤700,000 into his own account for a luxury lifestyle.

Former PwC tax consultant jailed for stealing from firm. Theft-accused stole more then £34,000 to pay off credit card debts racked up by her boyfriend.

Court confiscates £41m from Izodia director. The court has ordered Gerald Smith, convicted of misappropriating funds from dot-com company Izodia, to pay back almost £41m

Midlands duo accused of using celebrity names to dupe clients. No investments were made but the ‘returns’ came from new investors in the scheme, the Serious Fraud Office is alleging.

Accountant jailed after blowing £340,000 on hooker. Dunscar accountant jailed for two years.

Carousel fraudsters sent down for 34 years. Example made of four-man gang as authorities seek to clampdown on billion-pound scam industry.

Hollywood star accused of dodging taxman. Wesley Snipes facing multiple tax fraud indictments.

Ebbers begins marathon jail term. Former WorldCom chief locked up for 25 years.

Six years for ex-Enron CFO. Four years knocked off plea deal.

Devon accountants jailed. Length jail terms for role in builders' tax scam.

Former HealthSouth CFO to get jail time. New sentence for disgraced executive.

Izodia director jailed for eight years over false accounting. Gerald Smith heads for the slammer after misappropriating £34m.

Investors to sue jailed fraudster. As many as 100 people allegedly victims.

Isley Brothers singer jailed for tax evasion. Ronald Isley given three-year term for 'pathological tax evasion' despite ill health.

Accountant jailed for tax fraud. He helped clients defraud tax authorities.

Ex-PwC Japan accountants guilty of lying. Suspended jail terms handed down.

Jailed tax adviser claimed he was an accountant. Bankrupt bookkeeper conned clients.

Bookkeeper jailed for million-pound theft. Bookkeeper admits theft from food supply company over seven-year period.

Berlusconi charged with false accounting. Former Italian prime minister charged over television deal.

Accountant at centre of laundering trial. CA accused of laundering £5.6m.

Bookkeeper and soldier jailed over VAT fraud. Total of 12 years jail time for pair.

Carousel fraudster gets six years. Telecoms specialist sent down in scam that cost the UK £60m.

Legal exec jailed over VAT fraud. Convicted for role in ₤200m laundering scam.

Daewoo founder jailed for ten years. Kim Woo-choong found guilty of accounting fraud.

Who is the world's worst accountant? - PART II

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