Tuesday, 23rd June 2020
It has been discovered that the accused Finance Manager transferred money from company bank accounts into his own account over a period of five months, Ipswich Crown Court heard.
Prosecuting, the Judge said he had spent £470,000 of the company's money on gambling and although he had been able to repay £340,000 there was a shortfall of £130,000.
The court heard that when another member of staff questioned him about discrepancies he had been "evasive and aggressive".
Jailing him for 28 months, Judge David Pugh described the fraud as a "gross breach of trust" over a number of months.
He said the offence had had "a not inconsiderable effect" on Toolbox Marketing.
He said that in 2016 the accused had been cautioned for an offence of fraud by abuse of position of a less serious nature and he wasn't therefore of previous good character.
The accused admitted fraud by abusing his position as financial manager with the intention of making a gain for himself.