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Finance manager jailed for £173,000 fraud at family business

Tuesday 20th July, 2021

A former finance manager has been sentenced to six years in prison for defrauding the care company he worked for out of almost £200,000 at Portsmouth Crown Court.

He was employed at Hampshire based Platinum Care at Home owned by one of his relatives, between February 2018 and June 2020.

The company contacted the police in July last year to report that he had transferred £173,183 to his own personal bank account while in the position of finance manager. This came to light when the company’s owner discovered that the accounts were not adding up and hired an accountant.

Officers investigating the case arrested him on 19th July 2020 on suspicion of fraud by abuse of position and he was released on conditional police bail while an investigation was carried out.

Officer in charge of the case DC Jenny Gibson said: “Young abused the trust of his employer, who is also a family member, to steal almost £200,000 for his own selfish gain. This has understandably resulted in a period of great distress for the company’s owner and indeed the company itself.”

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