Accountancy Magazine
Ex-orchestra FD ‘defrauded £2.3m’
Poole ‘lived lavish lifestyle’
08 February 2010
The London Philharmonic Orchestra has won a £2.3m judgment against its former finance director who allegedly defrauded it to fund a lavish lifestyle.
Cameron Poole, 35, is accused of taking the money to pay for flights, jewellery, artwork and an extension to his house.
The publicly-funded LPO did not realise the money was missing until the Australian-born Poole left in 2008, after four years of being in charge of the budget.
The court heard Poole made payments to third parties using the LPO’s cheques and credit cards, the Telegraph reported.
It was alleged he sought to conceal the payments by making false entries in the orchestra’s computerised accounting system.
A High Court judge ruled in favour of the orchestra and agreed it could go after the ex-FD.
Mr Justice Field also continued an asset-freezing order that was imposed last November when the LPO believed £357,906 had gone missing.
Upon further investigation, it was found that the alleged fraud was actually £2,351,155.
Poole is currently on bail and due to return to court later this month to face an allegation of theft concerning a public company.
Cameron Poole, 35, is accused of taking the money to pay for flights, jewellery, artwork and an extension to his house.
The publicly-funded LPO did not realise the money was missing until the Australian-born Poole left in 2008, after four years of being in charge of the budget.
The court heard Poole made payments to third parties using the LPO’s cheques and credit cards, the Telegraph reported.
It was alleged he sought to conceal the payments by making false entries in the orchestra’s computerised accounting system.
A High Court judge ruled in favour of the orchestra and agreed it could go after the ex-FD.
Mr Justice Field also continued an asset-freezing order that was imposed last November when the LPO believed £357,906 had gone missing.
Upon further investigation, it was found that the alleged fraud was actually £2,351,155.
Poole is currently on bail and due to return to court later this month to face an allegation of theft concerning a public company.
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