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Finance Manager jailed for fraud after duplicating invoices

Friday 17th May, 2019

A former Finance Manager has been jailed for three years and four months after the 43 year old changed his plea to guilty, a month before the trial was set to begin.

The offences were committed between October 2016 and July 2017, when he was employed as a finance manager for a manufacturing company.

While based at Manor Park in Runcorn, the finance manager set up fake account numbers connected to 12 firms, enabling him to scam his own boss.

He paid suppliers through his company's account and paid the same amount into one of his own banks after duplicating the invoice.

However, the scam was discovered when invoice enquiries were sent to the company while he was on holiday.

The finance manager was then sacked for gross misconduct after his employer discovered he had been fraudulently taking money out of the company account.

Following his sentencing, Detective Constable Katie Wardle said: “James took advantage of weaknesses in his company’s payment system to commit despicable acts of fraud whilst in a position of trust.

“As the finance manager, he should have been managing and supporting the company with those weaknesses, not using them for his own financial gain.

DC Wardle explained how because of James' actions, his former employer suffered even further.

“His offending has had a detrimental effect on the reputation of the manufacturing company, with potential clients going to other firms as a direct result of James’ fraudulent activities.

“The company has reviewed and updated all of its systems, procedures and processes to protect itself from fraudsters in the future and is continuing to work hard to repair the reputational damage that James has caused.