Cornish accountant jailed for £2m tax fraud
A Cornish accountant was sentenced to seven years in jail this week for defrauding his clients and cheating HMRC of £2m in tax.
Simon Pearce received his sentence at Truro Crown Court this week on 26 out of 30 counts of fraud and forgery.
After the trial, he pleaded guilty to a further count of cheating the public revenue on tax returns he submitted for him and his firm between 2006 and 2012.
The trial ran for 10 weeks and included evidence from more than 40 of Pearce's former clients.
Pearce worked as an accountannt in St Austell, Cornwall for 27 years at his practice S T Pearce Accountants. He held no formal accounting qualifications. HMRC first investigated the accountant after they received complaints from a number of his clients.
Following an investigation, the Revenue discovered that...