Accounting fraud

About one-quarter of perpetrators of financial reporting misconduct experience a net benefit, even after getting caught.

Sacha Romanovitch will not stand for re-election for a second term and will step down after a successor is appointed before the end of this year.

Luke Johnson should have read his own aide-memoire. A month after the Patisserie Holdings Plc chairman published an advice column on spotting fraud, his finance chief has been arrested in an accounting scandal that threatened to shut the cake baker’s 200-plus stores.

Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores.

Testifying at the accounting fraud trial of two former executives, the U.K. retailer's chief talked of his genuine shock when he was first shown a report that described howthe company had overstated income by 246 million pounds ($326 million).

Text message recipients were told there was impending, unspecified bad news coming before the accounting scandal unfolded.

U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering “significant, and potentially fraudulent, accounting irregularities” and a demand for more than a million pounds in back taxes.

The troubled bed retailer plans to close up to 700 stores.

A legal fight kicks off to recover some of the billions of dollars investors lost after the South African retailer’s financial scandal.

The former head of the scandal-scarred retailer blames fellow executives and auditing firms for his company's near collapse.