A firm making Peppa Pig bubble bath nearly went under — after its finance chief conned a bank out of more than £600,000 to cover his incompetence.
bubble bath nearly went under — after its finance chief conned a bank out of more than £600,000 to cover his incompetence.
Bruce Cox, 62 — a decorated former Army lieutenant colonel — blew a fortune buying six times too much stock for themed products firm Kokomo Ltd. To bring in cash to cover his error, he created fake invoices, which HSBC bank usually paid 80% of upfront before suppliers settled later.tennis championships — told directors he had produced ‘a false invoice or two’ but ‘hoped to get away with it’.
Prosecutor James Bruce said: ‘HSBC could, he hoped, be paid back through the directors or assurance of credit before they realised.’When bank chiefs discovered the con in 2018, they stopped the upfront payment process, the firm’s credit rating sank and two directors had to quit.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank bosses’ optimism darkens as war follows on the heels of CovidLast year’s hopes of a return to normal will largely be absent from this week’s downbeat set of UK lenders’ results
Read more »
Baby’s first bath – how to bathe a newbornFind out more about your baby's first bath with these useful tips on how to bathe a newborn, when to bath them, temperature and more.
Read more »
Cooma jail: Prison that was once 'world's only jail for gay men'Set in one of the coldest and windiest small towns in Australia, Cooma prison holds a dark secret.
Read more »
Sunday with Paloma Faith: ‘I love a hot bath’The singer on early starts with small children, chocolate crêpes and the joy of a good long soak
Read more »
Pigs can pass deadly superbugs to people, study revealsResearch into C difficile found antibiotic resistance is growing as a result of overuse on farm stock
Read more »
Pigs can pass deadly superbugs to people, study revealsResearch into C difficile found antibiotic resistance is growing as a result of overuse on farm stock
Read more »