Thursday 26th November, 2020
A company chartered accountant who stole £600,000 from his employer to fund a share trading addiction has been jailed for three-and-a-half years at Londonderry Crown Court.
He pleaded guilty to fraud by abusing his position as group operations director to transfer £586,694 from McKibben Holdings Limited between January 2017 and December 2018.
He transferred £180,000 of Mr McKibben’s money into an online international trading company he had, between August and November 2018.
On an annual salary of £53,000 he was responsible for managing a £2.5m renovation project.
He was responsible for running a McKibben Holdings Limited business, Inspired Business Investments Limited and was given sole authorisation to withdraw from the account in September 2018. Three months later he told his employer that he had lost all of the money share trading.
Booth, whom the court was told thought could beat the odds by making shrewd investments, was told by Judge Philip Babington that by refusing to answer questions put to him by police officers at his first interview, he had made the officers carry out a great deal more investigative work. The Belfast Telegraph reported.
He has since repaid back just over £21,000 to his former employer.