An accountant has been excluded from ICAEW membership for dishonestly withdrawing £160,000 over a nine-year period from a limited company for personal use.
As reported on the in April ICAEW disciplinaries, London-based Peter Maxwell Featherman diverted the money to his own account without the consent or knowledge of shareholders and directors of the company between 1998 and 2007.
Featherman, a former 30% shareholder and director of the company who was heavily involved in it until 2008, said his finances became “muddled” with that of the company.
The accountant was excluded from institute membership for at least...
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