Why is it not a criminal offence? From the FT Alphaville , we have the story of Ravi Shankar SInha, the UK CEO of JC Flower's (huge globe-girdling P.E. firm), who ended up losing a lot of money during the financial crisis (poor guy :-( ). As any red-blooded human being would do, he set out to rectify the situation, and make back his money. How? I'm glad you asked. What he seems to have done is the following (for context, "Company A" is a company that JCF had invested in) He went to Company A, and claimed that they owed him advisory fees. He told Company A that JCF had authorized the payment of these advisory fees (after all, he was the CEO. Why would they disbelieve him?) He then sent them invoices for around 1.3 Million Euros (and more!), for these 'advisory fees' (yeah, you guessed it, fake invoices) The kicker, of course, is that he basically made the whole thing up - there were no advisory fees authorized, and any work he'd done for Co...
