Wednesday 23rd August, 2017
An employee of the Edinburgh Festival Fringe Society who embezzled more than £220,000 over an eight year period, has been named as former financial manager Lynn Taylor.
The fraud was first revealed to members of the society in July 2015 in a letter alongside the annual accounts.
Taylor, who started working for the society as a chartered accountant in 1994, pleaded guilty at Edinburgh Sheriff Court in July to stealing £220,331.12 from the society between June 1, 2008, and March 13, 2015.
The fraud was uncovered when the society changed to a new pension scheme and found that its employer contribution pension payments had been going directly into Taylor's personal bank account.
The full amount taken has now been returned to the society, with an additional £40,000 to cover the cost of the investigation. Taylor’s sentence has been deferred for a month for a psychologist’s report.