Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter