Former Bircham Dyson Bell partner struck off
Bircham Dyson Bell has been struck off after being found guilty of defrauding clients.
William Pencharz was a partner at BDB until 2010, when a routine internal review uncovered problems with his files. The firm fired him, reported him to the Solicitors Regulation Authority and subsequently sought to recover nearly £3 million from him.
Last month the Tribunal ruled that he had overcharged clients, made false expenses claims and invested money in the "Poop Company Ltd", a vehicle supposedly set up to try to salvage sunken treasure from the Spanish Armada.
A spokesman for BDB said "we note and fully support the Solicitors Disciplinary Tribunal decision against Mr Pencharz. The SRA has confirmed that no action is to be taken against the firm or any other member of the firm. No client money has been lost and we continue to take all steps necessary to ensure that no clients have suffered as a result of the actions of Mr. Pencharz".