Monday 2nd October, 2017
A company secretary has been sentenced to five years in prison after pleading guilty to theft, fraud and false accounting to support a luxury lifestyle.
She was employed by PPS Media Limited a print production company between 1987 and March 2014 and used her position of trust in order to steal money from the business and created false bank statements in order to cover the theft of £267,547.
The fraud came to light in 2013 when an internal audit was carried out and suspicion fell her way when she was unwilling to provide original bank statements. The dishonesty was uncovered and a £200,000 discrepancy in the accounts was discovered.
A police investigation revealed that she had thoroughly abused the trust placed in her by her employer. As a result of the impact of the financial crisis of 2008, PPS Media Limited like many other businesses was forced to make savings.
Responsible for the company payroll she paid herself inflated wages between 2008 and 2013, despite claiming to have taken a £10,000 per year reduction to help the business through the economic downturn.
She transferred numerous unauthorised lump sums into her personal account, withdrew money from cash machines, using company debit cards and used the company bank cards to make personal purchases which included luxury cosmetics, paintings, clothing and luggage.
She was able to hide her dishonesty by creating false documents and providing false information with regard to the company cash balance.