Jail for accountant who did not tell client he was bankrupt
A chartered accountant who did not tell a client he was bankrupt has been jailed for 18 months.
Andrew Rees, 52, of North Park, Iver, pleaded guilty to a charge of misrepresentation at Aylesbury Crown Court on March 26. He was sentenced at the same court on Friday.
Rees was working as a qualified chartered accountant between November and December 2015.
He had been declared bankrupt in July that year but borrowed £19,000 from a 74-year-old client living in London, without telling him he was bankrupt.
He was charged on July 26, 2017.
Designated investigator Kevin Clingham, of the Investigation Hub based at Taplow, said: “Rees held a privileged position as the victim’s accountant and was privy to confidential financial information concerning his client.
“He took full advantage of this knowledge for his own ends. He abused his position and the trust placed in him by his client by borrowing money that he knew he could not repay.
“At the time of the loans he was bankrupt and he failed in his duty to inform the victim that he was.”