How to avoid porridge when drinking cappuccino
Picture this: two sales directors, competing in the same line of business, bump into each other on the street and decide to have a coffee together. After the normal chit-chat about life and the universe, conversation turns to business and how to maintain profitability in the face of their price war. Exploring solutions, they hit on the idea of a joint pricing strategy to stabilise the situation – it won’t win them more business, but at least it will stop them haemorrhaging hard-earned profit. A sensible and workable idea you might think? Now think again.
Unwittingly and innocently, our two directors have just created a cartel, putting themselves on the fast train to five years in jail, with their personal assets forfeited, and their companies on track to bankruptcy via unlimited fines. Heaping misery on the pain, the OFT will raid their homes and business premises, the police will carry out a second wave of raids investigating conspiracy to defraud, and the HMRC will raid as well. Concurrently and individually, each of these bodies will investigate and prosecute our hapless directors, and their companies, through the courts. And, by the way, if those directors were working with the public sector, the penalties just got a whole lot worse – that jail sentence has jumped to fourteen years.
And to cap it all, consider this: if beforehand they had even mentioned their idea to their accountants, they would have been shopped by the accountants being compelled to file a Suspicious Activity Report.
How do you avoid this nightmare scenario happening to you? Simple, you get Rradar, an innovative new legal service that gives you and your business the affordable regulatory expertise that keeps you well ahead of the game. With Rradar you know the score beforehand, and our advice is protected under legal privilege. All of which means innocent endeavour never becomes criminal.
So, next time you have a bright idea over a cup of coffee, make sure you have Rradar watching out for you. Call us, email us – we’ll save your bacon, and the porridge.
01482 974400
info@rradar.co.uk www.rradar.co.uk
A rremarkable business
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