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9am Lowdown
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9am Lowdown: GT assistant manager embezzles £726,000 of charity cash

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1st May 2015
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Morning, everyone. It's almost long weekend. What's everyone getting up to? 

Former GT assistant manager embezzles £726,000 of charity cash

A former assistant manager at Grant Thornton UK has pleaded guilty to embezzling over £726,000 from trusts set up to help charities.

Susan McMahon, 34 from Motherwell, North Lanarkshire, appeared at Glasgow Sheriff Court on Tuesday, pleading guilty to embezzling £726,765 between May 2004 and May 2013, reports The BBC.

McMahon, in her role at Grant Thornton, was responsible for disbursing money to charity via cheque on behalf of a number of trusts. She falsified documents so her superiors would authorise cheques, believing the trustees had agreed the money would go to various charity beneficiaries.

The court was told six trusts had funds belonging to them fraudulently removed and paid out to her or her husband’s accounts. Her husband is said to have had no knowledge of his wife’s crimes.

MPs' expenses claims must be disclosed in full, court of appeal rules

Receipts and invoices submitted by politicians for their expenses claims must be disclosed, following a test case ruling by leading judges, reports The Guardian.

IPSA had appealed a ruling which ordered it to release copies of politicians’ invoices and receipts.

The information commissioner’s office reacted positively to the decision. Graham Smith, the deputy commissioner, said: “Our view has always been that there are additional details in the documents over and above the information already disclosed and that there is a clear public interest in this information being released.”

44.4% of UK online transactions are on mobile devices

44.4% of online payments in the UK were made using a mobile device up from 36.9% for the corresponding period in 2014 – with smartphones accounting for 66% of that figure compared with 64.9% in 2014, according to the latest Adyen mobile payments index.

Overall, more than a quarter (27.5%) of global online payments was made via mobile in the first quarter of 2015.

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By User deleted
01st May 2015 10:39

Husband no knowledge - EH!

'.. paid out to her or her husband’s accounts. Her husband is said to have had no knowledge of his wife’s crimes ..'

Rather stretching a point

Over a period of 9 years the husband never once enquired where 'unknown' deposits into his account came from - mmm ...........

 

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By D V Fields
01st May 2015 20:30

Checks and balances
Perhaps Grant Thornton should look up what these mean and then most importantly apply the concept. Perhaps auditing is not their strong point.
Dave

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By redboam
04th May 2015 06:26

Happens all the time?

Of course the husband would have not suspected anything. Large amounts of cash from turning up in one's bank account is commonplace. For example a couple of years back, Ed Balls got £50,000 like that from the Co-Op bank, telling us how "proud" he was to have received it.

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