Finance Questions

Question: What would this person be guilty of by law and what sentence should they get (in UK)?

A Finance Director (millionnaire) of a large charitable organisation has been raking in money through running an employment agency and making sure that temporary staff are only supplied through his company (little known to the charity that he is the director of it). on top of this he created multiple invoices and fabricated the amount of hours worked for these staff, thereby ensuring that he can enjoy a penthouse apartment in London and one in Edinburgh through his enterprise.

Answer: Top of the shop is fraud but you can add to that criminal liabilities for his breach of fiduciary duty as a director of a charity. His failure to source staff on the most economically advantageous terms for the company for which he was a director is a breach of the position of trust which he holds and the charity would be compelled by statute to assess and recover any economic loss from the director personally.

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