Planetarion Forums - Wel it loosk ike I am in th market for a new job

Rumad · 5 Jul 2004, 15:33

Boss halls me into his office this morning and says that he is being put under political pressure because of the financial irregularities I have found. Not only did the exec director say that he would not do anything about the fraudulent ways in which he acquires cash, but he basically said that he "owns" the company and my boss will have to live with it.

He said he will now be looking for a new job and the recruitment consultant I got the job through has been notified that if I contact him he will look for alternative emloyment for me.

I have only been here 6 months, but as an accountant I am obliged to do certain things by law and not supporting fraud is one of them. I think its time to move on, but i have only been here for 6 months I can't believe I am in this position already.

What would everyone do - would you stay and put up with the fraudulent acts or would you lot also move on?

1-X · 5 Jul 2004, 15:37

get the police/whoever deals with this sort of thing on their "asses" while still working there, and then if they sack you, go for the wrongful compo?

Marilyn Manson · 5 Jul 2004, 15:40

I'd go to the Police.

Stew · 5 Jul 2004, 15:53

I'm intrigued as to how you get past external auditors.

I'd say get a cut of the action!

IncubusGod · 5 Jul 2004, 16:11

I'd say rat out the corrupt fk.

What can they do? If they pull anything then you sue their arse. Thing is, if he has any 'pull' in the industry he could get you blacklisted by his m8's etc.

Though thats not that likely in a large country.

NEWSBOT3 · 5 Jul 2004, 16:45

citizens advice bureau

and i'd be calling the police too.

roadrunner_0 · 5 Jul 2004, 16:45

go back to the guy who got you the job, keep looking for a new job while you still have this job, then, leave when you have the new job and they have already given you a reference, and anonymously send some stuff to the fraud squad

Dante Hicks · 5 Jul 2004, 16:59

It depends what kind of irregularities (I know you said before, but I can't remember). Who is being defrauded exactly? Old age pensioners? The peasantry? Shareholders? The tax man?

I'd be tempted to overlook some forms of fraud (hell, I'm guilty of some forms). Otherwise I'd go to the police.

Tactitus · 5 Jul 2004, 17:46

Perhaps the laws and customs are different in your country, but as an accountant I would think you would have a professional and legal responsibility to report fraud, or at the very least, not condone it.

So yeah, a new job might be in order.

Chippeh · 5 Jul 2004, 20:19

Get cut in

White collar crimes pay, usually worth the limited jail-time

BesigedB · 5 Jul 2004, 20:53

Quote:

Originally Posted by Marilyn Manson

I'd go to the Police.

What Thatcher said.

Sandsnake · 5 Jul 2004, 20:59

definately the police. If one of you has already gotten sacked, might as well take the fker with you.

KaneED · 5 Jul 2004, 21:37

i'd have thought the obvious and first thought to come to mind would be to report it to the fraud investigation squad and get them sorted unless you're corrupt too but i doubt you are

Kurashima · 5 Jul 2004, 21:48

I uncovered and investigated a fraud in my company. The individual in question was questioned, sacked, and is now under police investigation.

I still resigned, as youre known as a whistleblower, and its not worth the hassle a stigma like that brings

MrPeach · 5 Jul 2004, 22:17

How big is the company?

There have been a few cases in the UK where the "whistleblower" has collected information and then resigned (I think this happened at a reasonably high level in Natwest Bank). On their resignation they have then reported the fraud to the police and the company, leaving the company in a situation where the whistleblower has proven what he is doing is selfless etc.

After investigation and prosecution the whilstleblower's have then been given some kind of payment for their trouble and in the case of Natwest they were offered to return to the company with a promotion.

Kurashima · 5 Jul 2004, 22:25

Quote:

Originally Posted by MrPeach

How big is the company?

There have been a few cases in the UK where the "whistleblower" has collected information and then resigned (I think this happened at a reasonably high level in Natwest Bank). On their resignation they have then reported the fraud to the police and the company, leaving the company in a situation where the whistleblower has proven what he is doing is selfless etc.

After investigation and prosecution the whilstleblower's have then been given some kind of payment for their trouble and in the case of Natwest they were offered to return to the company with a promotion.

Maybe not in Rumads case, but in mine i didnt care, as i had a new job lined up with a considerable pay rise

Dace · 5 Jul 2004, 22:28

Quote:

Originally Posted by MrPeach

How big is the company?

There have been a few cases in the UK where the "whistleblower" has collected information and then resigned (I think this happened at a reasonably high level in Natwest Bank). On their resignation they have then reported the fraud to the police and the company, leaving the company in a situation where the whistleblower has proven what he is doing is selfless etc.

After investigation and prosecution the whilstleblower's have then been given some kind of payment for their trouble and in the case of Natwest they were offered to return to the company with a promotion.

I'd get out the company trying to do the above "first" tho.

Rumad · 6 Jul 2004, 09:18

Quote:

Originally Posted by Dante Hicks

It depends what kind of irregularities (I know you said before, but I can't remember). Who is being defrauded exactly? Old age pensioners? The peasantry? Shareholders? The tax man?

I'd be tempted to overlook some forms of fraud (hell, I'm guilty of some forms). Otherwise I'd go to the police.

Someone raises an invoice, none pays an invoice.

A director gets involved and demands cash. Cash is never paid into the company and Finance is told to "cover" the cash descrepancy.

over 50k has gone missing like that.

Rumad · 6 Jul 2004, 09:19

Quote:

Originally Posted by Tactitus

Perhaps the laws and customs are different in your country, but as an accountant I would think you would have a professional and legal responsibility to report fraud, or at the very least, not condone it.

So yeah, a new job might be in order.

I think the maximum sentence s 20 years if I am proven to "cover up" the iregularities.

Rumad · 6 Jul 2004, 09:21

Quote:

Originally Posted by MrPeach

How big is the company?

There have been a few cases in the UK where the "whistleblower" has collected information and then resigned (I think this happened at a reasonably high level in Natwest Bank). On their resignation they have then reported the fraud to the police and the company, leaving the company in a situation where the whistleblower has proven what he is doing is selfless etc.

After investigation and prosecution the whilstleblower's have then been given some kind of payment for their trouble and in the case of Natwest they were offered to return to the company with a promotion.

The exec director that is fiddling owns the company. If I did blow the whistle I have to make sure I am as far away as possible and its annonimous.

He has been known to send the boys around to some people who have crossed him.

NEWSBOT3 · 6 Jul 2004, 09:24

so get far away and do it

roadrunner_0 · 6 Jul 2004, 09:25

in that case just leave, it wont be worth the extra hassle

NEWSBOT3 · 6 Jul 2004, 09:26

Quote:

Originally Posted by roadrunner_0

in that case just leave, it wont be worth the extra hassle

except, if someone else grasses him you get ****ed over for a being a co-conspirator and not reporting the fraud.

Dante Hicks · 6 Jul 2004, 09:40

Quote:

Originally Posted by Rumad

A director gets involved and demands cash. Cash is never paid into the company and Finance is told to "cover" the cash descrepancy.

So who is being fiddled exactly? If the guy owns the company is this just a tax rip-off? Are there other shareholders losing out?

Rumad · 6 Jul 2004, 10:51

Quote:

Originally Posted by Dante Hicks

So who is being fiddled exactly? If the guy owns the company is this just a tax rip-off? Are there other shareholders losing out?

he is basically embeseling money and he owns the company the otehr 2 shareholders/ exec directors are doing the same thing. The company has lots a lot fo money cause of there actions..

Stew · 6 Jul 2004, 11:39

OMG I can't believe all this worrying for £50k.

loly roffle

MrL_JaKiri · 6 Jul 2004, 11:44

Quote:

Originally Posted by Stew

OMG I can't believe all this worrying for £50k.

loly roffle

I'd do a lot of worrying for 50 grand.

IncubusGod · 6 Jul 2004, 11:48

I'd do alot of things for £50k

£50k is not to be sniffed at (its to be throw in the air and pretend its raining money,you then laugh manically)

Stew · 6 Jul 2004, 11:55

Hardly Enron though is it?

IncubusGod · 6 Jul 2004, 11:57

Doesn't have to be really, it's still against the law and it's still serious enough.

Radical Edward · 6 Jul 2004, 12:02

go into his office, explain the situation to him, and then beat yourself up and throw yourself around the room.

IncubusGod · 6 Jul 2004, 12:29

Quote:

Originally Posted by Radical Edward

go into his office, explain the situation to him, and then beat yourself up and throw yourself around the room.

!

It's such a fantastic idea!

Rumad · 6 Jul 2004, 12:39

Quote:

Originally Posted by Stew

Hardly Enron though is it?

enough to still get a custodial sentence.

Deepflow · 6 Jul 2004, 12:44

Quote:

Originally Posted by Radical Edward

go into his office, explain the situation to him, and then beat yourself up and throw yourself around the room.

itt radical edward is dace.

Stew · 6 Jul 2004, 12:48

Quote:

Originally Posted by Rumad

enough to still get a custodial sentence.

Don't get me wrong, it is a sizeable amount, I was just expecting it to be a lot more. I guess its all relative - for example, what's your turnover?

Knight Theamion · 6 Jul 2004, 13:09

put in all your energy to ruin him fatboy!

Dante Hicks · 6 Jul 2004, 13:46

Quote:

Originally Posted by Rumad

he is basically embeseling money and he owns the company the otehr 2 shareholders/ exec directors are doing the same thing. The company has lots a lot fo money cause of there actions..

How is "the company" losing money? If they are the owners they _are_ the company (in terms of profits).

Surely it only matters for tax purposes?