Tuesday 18th April, 2017
A former Head of Finance of a homeless charity that went into administration has pleaded guilty to fraud.
The former employee of Cyrenians Cymru admitted fraud for personal gains of £1.3million between 2008 and 2014.
He was arrested in December 2014 after what was described as a case of "extensive fraud" at the organisation. The fraud came to light following an investigation by the South Wales Police.
Speaking at the time of his arrest, Conrad Watkins, the charity’s chief executive, said "We are devastated by the incalculable damage this has done," Watkins said.
The charity had been running for over 42 years was forced to close with 20 jobs affected after the fraud.
However, his defence barrister pointed out that “He has had these matters hanging over his head for the better part of two years."
But the Judge stated that; “He is facing a lengthy custodial term.”
He is yet to be sentenced.