Accountant Facing Longer Prison Sentence After $950,000 Client Fraud

Accountant facing longer prison sentence after $950,000 client fraud

Philip Shugg, a prominent accountant from Victoria's north-west, is facing an even lengthier prison sentence after pleading guilty to defrauding his clients.

‘Ponzi’ scheme accountant awaits sentence

A MILDURA accountant has admitted using investors’ money in a “Ponzi” scheme to pay other clients who he owed money before he declared bankruptcy. The County Court sitting at Mildura heard 72-year-old Philip Shugg induced four investors to pour almost $1 million into an investment company while concealing that he was the sole director, company […] Subscribe or Login to see the rest of the content.