Fraudster Covered up £600,000 Theft with Tipp-Ex
A financial controller who stole £602,000 from his employer attempted to hide his fraudulent activities with a Tipp-Ex pen.
Nicholas Dewhirst, who admitted stealing company money to pay his credit card bills, was jailed for five years.
Between 2003 and 2011, the 53-year-old made 151 unauthorised money transfers. He tried to cover his tracks by changing the name of his account to those of his employer Dystar UK Ltd’s customers with Tipp-Ex.
Dewhirst finally admitted his fraudulent activity when he was sacked from his £40,000-a-year job last year.
Dystar managed to secure a judgment against the Leeds resident for the money he took. It was during the Bradford crown court case that full details of the cover-up came to light.
Judge Jonathan Durham Hall QC dubbed his attempts to hide his crimes as ‘varying from the reasonably sophisticated to the amateur wielding of a Tipp-Ex pen’.
- Former Oil Company Executives Convicted of Fraud and Money Laundering
- Majority of Young Finance Professionals Feel Threatened by Emerging Technologies
- FCA Planning to Launch a Financial Services Directory
- Cash Collection Company Coin Co bosses Banned from Being Directors After they Were Found to be at Fault of Holding onto £5.8m Owed to Company’s Clients
- Businesswomen Sent Behind the Bars for Claiming VAT Refunds Through Forged Invoices
- Businessman Disqualified for Eight Years for Avoiding Paying Debts to Creditors
- KPMG Launches an Initiative to help Black Employees