QS finance director jailed for stealing £1.8m
A finance director at London quantity surveyor Leslie Clark Construction Consultants has been jailed for four years for stealing £1.8m from the firm to pay off his gambling debts, reports Construction Enquirer.
Andrew Stubbs, 41, forged more than 2,000 cheques over eight years, exploiting a company system that had no mechanisms in place for checking sums under £1,000. The fraud only came to light when HM Revenue and Customs issued a demand for unpaid tax.
Southwark Crown Court heard that Stubbs’s actions almost bankrupted Leslie Clarke, which had to lay off staff and refinance the firm. Jailing Stubbs, Judge Jeffrey Pegden QC said it was difficult to overstate the impact that Stubbs’ criminal offending had on the partners and employees of the firm.
Leave a comment
News
22 May 2013 CIOB backs 'Bachelor of the Built Environment' proposal
22 May 2013 TfL pushes contractors on road safety
17 May 2013 Countryside leads the way with solar panels
17 May 2013 BBC1 highlights poor prospects for young black men
17 May 2013 New ideas in Costain's 'Dragons' Den'
17 May 2013 Willmott Dixon and Carillion ramp up on Green Deal
16 May 2013 Drive out the cowboys to boost RMI demand, industry told
10 May 2013 2050 working group to set out BIM opportunities
10 May 2013 CIOB survey shows lack of BIM and green skills
10 May 2013 New Center Parcs shapes up with glulam beams
10 May 2013 20 bids expected for £100m Green Deal in Leeds
09 May 2013 Aecom floats ambitious £14bn mega-canal idea to ministers
03 May 2013 TfL launches HGV toolkit as action urged on fatalities
03 May 2013 Steelwork firm in talks to complete museum work
03 May 2013 New home starts up as output decline slows
02 May 2013 Balfour Beatty in 'pay for early payment' pilot
01 May 2013 SME forum questions late payment initiative
01 May 2013 Institute grasps policy agenda with new event
01 May 2013 £25m available for commercial heritage projects
01 May 2013 Institute loses oldest member, aged 106
- 2013
- 2012
- 2011
- 2010
Comments
Incredible that QS's of all people should not have detected over 2000 forged cheques until it was too late for some employees.
If they need any help with their construction projects, please let me know.