This story has had a reasonable amount of coverage in the accountancy press - a great cure for insomnia. What it demonstrates the (correct) hard line taken by the authorities against professionals who breach their positions of trust.
WILLIAM EVAN PRICE, aged 69 of Pontnewynydd, Pontypool, Torfaen, a former insolvency practitioner practising at Abersychan, has been sentenced to a total of two years imprisonment after pleading guilty to seven counts of fraud, two counts of theft and one count of false accounting. Price was also disqualified from being an insolvency practitioner and director of a company for seven years. The conviction follows a referral by the Insolvency Service and a full criminal investigation and Prosecution by the Department for Business, Energy and Industrial Strategy with assistance from Gwent Police. The offending related to the misappropriation of nearly £48,000 received by Price as the trustee in bankruptcy of five bankrupts and the liquidator of one company, for the benefit of their creditors and the falsification of his time sheets in relation to his administration of one bankruptcy.