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wickes fraud scandal

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Issues in Accounting and Finance Wickes Scandal The purpose of this report is to critically analyse the insight of the scandal, which occurred in Wickes during 1996 and also discuss whether the scandal was preventable. Wickes was first established in Manchester 1972 when it was launched as a joint venture between the US group, Wickes Corporation and another UK Building merchant. They are the leading UK Company of DIY merchants focusing on raw materials and suppliers for public and trade. Wickes was a fast growing company until a fraud scandal took place associated with its employees. The fraud scandal was investigated by serious fraud officers along with the cooperation of the Metropolitan police. This fraud scandal was committed by four previous directors of DIY wholesalers and building merchants with the names of Trefor Llewellyn, Geoffrey Battersby, Terrence Carson and Leslie Rosenthal. Furthermore, it was found that a fifth person called Henry Sweetbaum...

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