Partner trusted gambling colleague who plundered £510,000

first_imgA compliance officer who ignored her management duties while her fellow partner made hundreds of improper payments has been fined. Susan Marziano took no part in the financial management of east London firm MKM Solicitors over almost five years during which her colleague made 204 transfers of more than £510,000 in client money.The Solicitors Disciplinary Tribunal heard that Marziano admitted abrogating any management responsibility and failing to maintain proper accounting records or to have systems in place to maintain compliance with accounts rules.Marziano, 60, a solicitor for 17 years, was fined £20,000 in an agreed outcome with the Solicitors Regulation Authority approved by the tribunal earlier this month.MKM Solicitors was shut down in 2017. The tribunal heard that Marziano had overarching responsibility for the business but left this all to her partner, leaving him free to undertake a series of improper transactions. Several were worth more than £40,000 each and a large number of payments were made to gambling sites and a casino. Separate disciplinary proceedings are ongoing involving the other partner.A series of accounting failings allowed this misconduct to continue: bank reconciliations were said to be ‘materially deficient’ because they did not include a figure for client liabilities, the client matter list did not include any matters with a nil or debit balance, and procedures for identifying client money were not in place.Investigators were unable to determine the true position of the shortfall in the client account or to calculate whether the firm had sufficient funds to meet client liabilities.Marziano told the tribunal she had ‘total trust’ in her partner and she acted in good faith entrusting financial control to him. It was considered he had the necessary skills and competence in financial matters to mean he should retain responsibility for this. She accepted she should have taken a more active role but said the misconduct was deliberately concealed from her in a ‘sophisticated and sustained manner’.The tribunal noted that affected clients had to make claims on the compensation fund to recover their money and Marziano’s actions had to be classed as ‘very serious’. She was ordered to pay £14,000 costs.last_img read more

The Indians Starting Rotation is on Fire, Is it Enough to Get Them to the World Series?

first_img Matt Loede The year was 1995, and the entire city of Cleveland had ‘Indians fever’ – the excitement was over a team that was clubbing their opposition to death with an offense that was the best the city had ever seen.Kenny Lofton, Eddie Murray, Paul Sorrento, Albert Belle, Jim Thome, Manny Ramirez, Omar Vizquel, Sandy Alomar and on and on – players that at a moments notice could do damage to any pitcher in baseball.Until the end of October.That season the Indians met up with the Atlanta Braves in the World Series, a team that was the bridesmaid several times already, but that boasted one of the best, if not the best rotation in the Majors.Greg Maddux, John Smoltz, Tom Glavine – those three pitchers combined to 47-16 in the regular season, and they froze the Indians bats in winning the World Series four games to two.Fast forward 23 years later, and now it’s the Indians who are boasting number-wise the best rotation in baseball.Corey Kluber, Carlos Carrasco, Mike Clevinger, Trevor Bauer and rookie Shane Bieber have combined to go 58-27, and have a combined ERA of 3.18.Even with Bauer on the 10-day DL, the Indians are a dangerous team when it comes to that rotation, and when things get tight in October, can this teams’ rotation do enough to pull a repeat of the very team that beat them 23 years ago in 1995?No doubt about it.Heading into play Sunday, the teams starters over the last 25 games had a mark of 13-5 with a 2.55 ERA, putting up 9.8 strikeouts per game and a WHIP of 1.08.They are on a roll.Here’s a look at what these guys have done in 2018, and a bit of a peek ahead at how they might perform in October when it’s all on the line in the postseason. Pages: 1 2 3 4 5 6 Related TopicsCarlos CarrascoCorey KluberIndiansMike ClevingerMLBTrevor Bauer Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE.last_img read more