Accountant accused of siphoning more than $2 million

A West Australian accountant has been charged with 119 counts of stealing as a servant from a number of local businesses he worked for.

Staff Reporter -
0 comments

As reported by the ABC, Wayne Peter Lynch has appeared in Broome Magistrates Court accused of siphoning approximately $2.1 million from local businesses under whom he was employed in the Western Australian town.

It is alleged that the majority of the funds in question were stolen from the local business McCorry Brown Earthmoving, where Mr Lynch had been employed as financial controller for 18 months.

According to the ABC report, McCorry Brown Earthmoving confirmed that Mr Lynch was stood down from his position in late 2015 as the subsequent police investigation took place, and was not required to enter a plea as he appeared before a magistrate.

Mr Lynch was remanded on bail ahead of his next court appearance, which is expected to take place in February.

 

promoted stories
Recommended by Spike Native Network

Latest News

Latest Opinions

Subscribe to the Accountants Daily Bulletin

Latest Poll

Do you feel like you're entitled to compensation when the ATO portals fail?

Yes
No
View Results
line chart

Trending

Sponsored Features

 

Recent Comments

object(stdClass)#853 (31) { ["id"]=> string(4) "2583" ["contentid"]=> string(5) "10686" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "60.242.207.228" ["userid"]=> string(1) "0" ["modified_by"]=> string(4) "1964" ["date"]=> string(13) "20 hours ago." ["modified"]=> string(19) "2017-08-22 00:29:48" ["name"]=> string(14) "Peter Sullivan" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(39) "And if you have only had 1 marriage,..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "5b205b9c970f56ef13684f3108e6a86c" ["moderate_hash"]=> string(32) "0fc6b4a5fb7728e2ea5ab00d996a2ac5" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(14) "Peter Sullivan" ["link"]=> string(56) "/component/comment/?task=comment.gotocomment&id=2583" ["overlayComment"]=> string(89) "And if you have only had 1 marriage, that would need to be rectified pretty damn quickly." } object(Joomla\Registry\Registry)#832 (3) { ["data":protected]=> object(stdClass)#849 (22) { ["moduleclass_sfx"]=> string(0) "" ["template"]=> string(7) "default" ["component"]=> array(1) { [0]=> string(11) "com_content" } ["orderby"]=> string(4) "date" ["time_frame"]=> string(2) "-1" ["maxlines"]=> string(1) "1" ["linesize"]=> string(2) "20" ["showname"]=> string(1) "1" ["showtime"]=> string(1) "1" ["userSize"]=> string(2) "20" ["conttitlesize"]=> string(2) "20" ["commentsize"]=> string(2) "40" ["date_format"]=> string(3) "age" ["tooltip"]=> string(1) "1" ["showconttitle"]=> string(1) "0" ["overtitlesize"]=> string(2) "50" ["overcontentsize"]=> string(3) "100" ["module_tag"]=> string(3) "div" ["bootstrap_size"]=> string(1) "0" ["header_tag"]=> string(2) "h3" ["header_class"]=> string(0) "" ["style"]=> string(1) "0" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } string(3) "age"