The owner of Barnsley Football Club became a multi-millionaire by fiddling an IT firm’s accounts to mislead the stock market, a court heard.
Patrick Cryne, aged 61, is accused of conspiring with three colleagues at iSoft Group PLC to give an inaccurate account of how the company was doing for their own personal gain.
London’s Southwark Crown Court was told their was a ‘huge discrepancy’ between the accounts that were published and what they were in reality.
Cryne, chairman of the company at the time, will be tried separately at a later date due to illness.
Former chief executive Timothy Whiston, 44, of Cheshire, and former directors Stephen Graham, 48, of Cheshire, and John Whelan, 45, of Stockport, all deny conspiring together to make statements, promises or false acts about iSoft Group PLC which they knew to be false, misleading or deceptive..
The court heard the defendants misled the company’s non-executive directors, its audit committee and its external auditors, and may have corrupted junior members of staff.