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9am Lowdown: Big game hunting accountant ignites fury

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4th Aug 2015
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Morning everyone, here's the news. 

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Big game hunting accountant ignites fury

An American accountant has entered the controversy surrounding big game hunting by killing a giraffe in South Africa.

Sabrina Corgatelli, an accountant for Idaho State University, uploaded images from her legal hunt in South Africa. The image shows the accountant standing next to the slain giraffe (image is graphic).

Corgatelli posted the picture on social media completely unaware about the controversy surrounding big game hunting after the killing of Cecil the lion in Zimbabwe.

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Crooked bookkeeper stole thousands

A former bookkeeper at an accountancy firm in Wellington, Telford, has admitted stealing £52,534 from a client between March 23 last year and January 12 this year.

Leanne Miller pleaded guilty yesterday at Telford Magistrates Court to two counts of fraud by abuse of position. She was in charge of a recruiting firm’s financial books.  

Miller, who used to live in Craven Arms but gave her address as East Burrows Road in Swansea, also pleaded guilty to stealing £25,294 between January 27 and April 3 from Bookcheck.

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Annuity sales hit by pension reforms

The investment giant Standard Life says it has seen a 66% dip in annuity sales since sweeping pension reforms in the UK allowed retirees far more choice in how they use their savings.

According to a report in the FT, the UK insurer forecast that its full-year contribution from new annuity sales would drop by some £10m to £15m, while reporting a rise in inquiries from customers holding annuities about buying into alternative products.

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Libor rate-rigging trader jailed for 14 years

Former City trader Tom Hayes has been found guilty of rigging Libor interest rates and was sentenced to 14 years in prison for conspiracy to defraud.

According to the BBC the 35-year old is the first individual to face a jury trial for manipulating the rate.

The jury at a London court found Hayes guilty on all eight charges of conspiracy to defraud.

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