Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Former KPMG director cleared of £45k expenses fraud

Former KPMG director cleared of £45k expenses fraud

A former KPMG director has been cleared of fraudulently claiming nearly £45,000 in expenses from his former employer after a second jury failed to reach a verdict.

Brian Chapman admitted making false expense claims, sometimes double or triple claiming for flights and hotel stays between  2007 and 2012, but said this was because ‘admin is not my strong suit’.

KPMG discovered the erroneous claims in 2012 and prosecutors alleged that despite the fact Chapman was earning a salary of £104,000 at the time, he deliberately over-claimed to fund a gambling habit, which had pushed him into debt.

However, after a second jury at the Old Bailey was unable to come to a decision on the case, Judge Rebecca Poulet Chapman said given that Chapman had agreed to pay back the money, a third trial was not in the public interest.

Chapman joined KPMG in 1997 and was promoted to director in financial services division in 2005, in a role that saw him travel frequently between the UK and China, Europe and Latin America.

He initially admitted the claims to police in December 2012, but now been cleared of the fraud totalling £44,983 charge.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter