Thursday 14th September 2017
A financial director has been sentenced to more than five years in prison for defrauding three previous employers out of a combined amount of £475,000 to support his family’s lavish lifestyle.
He embezzled the money while working as a financial controller at Commercial Estates Group (CEG) between 2005 and 2012, financial director at Capital Properties, part of Allied London between 2012 and 2015 and Sports Shoes in 2016.
During his time at CEG he stole £128,000 from the company using 21 separate payments. While on a £90,000 salary at Capital Properties, he transferred £301,000 to himself via 24 payments.
He stole the money by editing invoices, making personal payments on company credit cards, creating fake employees, and paying fake suppliers.
He was briefly made interim managing director of Capital Properties before he was made redundant at the end of 2015. The irregularities came to light when his redundancy package was being negotiated.
After leaving Capital, he worked for Yorkshire-based Sports Shoes in July 2016. He was arrested in September, but continued to work for Sports Shoes and fraudulently stole £34,500.
He briefly tried escaped to South Africa but came back to the UK to face arrest.