Brighton accountant gets three years for theft

Digital Vision/Thinkstock

A Brighton insolvency practitioner has been jailed for stealing £235,000 while working for mid-tier accounting firm Chantrey Vellacott DFK.

Garry Hacker was sentenced at Lewes Crown Court to three years in prison after admitting theft and fraud at Brighton Magistrates’ Court back in May.

As reported in the Brighton and Hove News, the Saltdean-based practitioner carried out the offences over a 10-year period at the firm’s Hove office.

Another IP at the firm had discovered the loss of a £5,663.75 cheque. When the employee confronted Hacker, he...

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Comments

Stupid Boy!

The Black Knight | | Permalink

Stupid Boy!

 

on this occasion

The Black Knight | | Permalink

On this occasion the ICAEW seem to have taken action first back in 2011.

It has then taken 2 more years for him to be sentenced by the law, almost as an after thought presumably they first thought it wasn't their problem?

How slow the wheels grind.

http://www.insolvencyandlawblog.com/uk/?p=526

George posted this link originally (have moved to this post)

and 

No he doesn't look very trustworthy. Could you tell before you knew though? or is your judgement now biased? interesting.

I dare say a decent photographer could make him look like a saint? Although I have my doubt about them too given the catholic church's reputation.

 

EXtracted from above:

"Hacker was declared bankrupt in August 2010 and is therefore ineligible to practise insolvency or accountancy; so the ICAEW’s decision to revoke his licence makes the governing body appear impotent and out of touch.

Chantrey Vellacott is a reputable firm with a 223 year history. Surely, a partner or senior manager should have been checking Hacker’s work?

No doubt, HM Revenue and Customs would have been a creditor in many of the insolvencies Hacker worked on so he was also stealing taxpayer’s money.

Sadly, this really looks like a case of the industry looking after its own as Hacker was an affiliate of the ICAEW who acted as both judge and jury.

Examples such as these illustrate why the industry needs better regulation polices. Irrespective of the circumstances or his links to the ICAEW, Hacker stole a large amount of money, so why the hell wasn’t he prosecuted and sent to jail?"

 

 

Some of the reporting on these matters leads a lot to be desired? What on earth does the writer think the ICAEW could do more? They are not a prosecuting authority like the police and this was a criminal matter. As the man was bankrupt there would have been little point in imposing a fine. How did they look after their own?