Bride steals £200k to fund wedding & lifestyle
Discussion
martin84 said:
Eric Mc said:
They did notice it.
Yes but only after the wedding. According to that article she was syphoning money off from them for three years!What was her role in the business?
Smaller businesses are notoriously trustworthy of their staff and they cannot afford the financial expertise that might uncover a fraud. Most frauds come to light eventually anyway - usually because the fraudster gets too greedy - and the tissue of lies they are constructing to hide the fraud gets too convulted and complex to maintain.
Eric Mc said:
She may have been tubby but she might also have been clever in hiding where the money was going.
What was her role in the business?
She was a part time accounts assistant, so yes she'd have had accounts access of some sort but she made over 120 fraudulent transactions over 3 years and nobody spotted anything?!What was her role in the business?
Eric Mc said:
Smaller businesses are notoriously trustworthy of their staff and they cannot afford the financial expertise that might uncover a fraud.
The company is called PureAV and if its the same PureAV which sells a lot of Belkin Pro stuff then they're hardly a corner shop.In that case, maybe the amounts she was syphoning off weren't big enough to register as single items.
It's fairly easy to hide multiple small amounts - for a while. It's when the small amounts eventualy add up and total a large amount that the problem gets discovered - which seems to have been the case here.
It's fairly easy to hide multiple small amounts - for a while. It's when the small amounts eventualy add up and total a large amount that the problem gets discovered - which seems to have been the case here.
martin84 said:
Exactly how can a company run itself in such a way that one person can take £200k without somebody noticing sort of pretty quickly?
not that difficult - fake service contracts or fake invoicing .I previously worked for a large UK bank where someone in the Finance team siphoned off over 7m GBP over few years (small invoices from fake marketing, media and comms suppliers ) - with a 50mGBP marketing budget - 5k GBP invoices get through easily.
"He added that Lane had also used the cash to pay for home improvements and items such as a large television, a Tag Heuer watch, an iPod, compact mirrors and car keys covered in Swarovski crystals and personalised car registration plates.
He said she had "abused her position of trust to steal from her employer and fund a lavish lifestyle".
Speaking in Lane's defence, Amanda Johnson said she was a woman of good character who suffered from low self-esteem and the offending coincided with the time she met her husband."
He said she had "abused her position of trust to steal from her employer and fund a lavish lifestyle".
Speaking in Lane's defence, Amanda Johnson said she was a woman of good character who suffered from low self-esteem and the offending coincided with the time she met her husband."
Eric Mc said:
martin84 said:
Eric Mc said:
They did notice it.
Yes but only after the wedding. According to that article she was syphoning money off from them for three years!What was her role in the business?
Smaller businesses are notoriously trustworthy of their staff and they cannot afford the financial expertise that might uncover a fraud. Most frauds come to light eventually anyway - usually because the fraudster gets too greedy - and the tissue of lies they are constructing to hide the fraud gets too convulted and complex to maintain.
The company sold goods and as such paid the royal mail every month automatically via direct debit. She was mimiking the payments into her own personal accounts and naming the transfers the same name as the royal mail transfers. So on the face of it, it looked like a payment to the royal mail...
My mum was going through the books and realised the descrepancy apparently the offender went drip white and was sick, she was sent home from work poorly. After a few hours they realised what had been going on and called the police. Then they called previous employers of the women and found she had been sacked before, for doing the same!
It turns out she had paid the money back to the previous company so they didn't call the police, she offered to pay back the money to my mums company but they involved the police anyway, thank god.
Its not too difficult to do from a small company, but there is a huge chance of being caught. It makes no logical sense at all the steal from one in such an obvious was! Retard.
MiniMan64 said:
One wonders how this will effect her potential future employment chances!
Lets have a think...It didn't seem to affect this woman too much...
http://www.eveningexpress.co.uk/Article.aspx/27929...
Tyrewrecker said:
"He added that Lane had also used the cash to pay for home improvements and items such as a large television, a Tag Heuer watch, an iPod, compact mirrors and car keys covered in Swarovski crystals and personalised car registration plates.
He said she had "abused her position of trust to steal from her employer and fund a lavish lifestyle".
Speaking in Lane's defence, Amanda Johnson said she was a woman of good character who suffered from low self-esteem and the offending coincided with the time she met her husband."
As a regular on the watch forum, is it wrong that I thought a Tag isn't particularly lavish? He said she had "abused her position of trust to steal from her employer and fund a lavish lifestyle".
Speaking in Lane's defence, Amanda Johnson said she was a woman of good character who suffered from low self-esteem and the offending coincided with the time she met her husband."
As for car keys covered in Swarovski crystals...
Tyrewrecker said:
MiniMan64 said:
One wonders how this will effect her potential future employment chances!
Lets have a think...It didn't seem to affect this woman too much...
http://www.eveningexpress.co.uk/Article.aspx/27929...
Eric Mc said:
In that case, maybe the amounts she was syphoning off weren't big enough to register as single items.
It's fairly easy to hide multiple small amounts - for a while. It's when the small amounts eventualy add up and total a large amount that the problem gets discovered - which seems to have been the case here.
It's fairly easy to hide multiple small amounts - for a while. It's when the small amounts eventualy add up and total a large amount that the problem gets discovered - which seems to have been the case here.
200k over 120 transactions is only about 1.6k per transaction on average and from my experiences of accounts departments in even medium size businesses small-ish payments like that probably wouldn't raise an eyebrow. They probably deal with hundreds of such invoices in a year and if the person doing the fraud is the one handling those invoices then it's not going to be immediately obvious. Even if not if it looks "right" small stuff will often just get paid - I once had an XBOX shipped to my work address and despite instructions to the contrary the supplier sent a copy of the invoice to work (who also had an account with the supplier) and despite the invoice clearly stating "Paid by credit card" they very nearly paid it!Seriously, is this something that unattractive females do? Seems there is a lesson here if you are employing someone in a position of trust.
http://www.theage.com.au/victoria/secretary-jailed...
http://www.chicagotribune.com/news/local/suburbs/d...
http://www.adn.com/2012/06/06/2494144/ex-secretary...
http://www.chattanoogan.com/2012/6/4/227601/More-T...
http://www.iol.co.za/news/crime-courts/thieving-se...
http://www.smartcompany.com.au/legal/20100820-delu...
http://www.theage.com.au/victoria/secretary-jailed...
http://www.chicagotribune.com/news/local/suburbs/d...
http://www.adn.com/2012/06/06/2494144/ex-secretary...
http://www.chattanoogan.com/2012/6/4/227601/More-T...
http://www.iol.co.za/news/crime-courts/thieving-se...
http://www.smartcompany.com.au/legal/20100820-delu...
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff