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Director admits KMPG fraud crimes

Published on 26 Aug 2009 under category: legal

A director at a leading accountancy company has admitted fraud crimes worth hundreds of thousands of pounds.

Andrew Wetherall, who was employed by KMPG, made false claims over a five-year period.

During this time, he received £545,000 from his company, admitting that this money was used to fund his wife's lifestyle and purchase cars, holidays and designer watches.

In Southwark Crown Court it was revealed that the 49 year old made fake claims for flights which he did not take, while he also made genuine claims for personal expenditure.

The fraud crimes came to light after an internal investigation, which led to Mr Wetherall, who earned a six-figure salary, being suspended from the company and later arrested.

In other news, the Chelsea Building Society last week revealed multi-million pound losses due to fraud crimes.

The firm announced that it had been the subject of a £41 million fraud involving buy-to-let mortgages.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.