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Employee jailed for processing fake invoices totalling £668,000

Friday 15th October, 2021

An employee of a City of London company who processed fake invoices for payment totalling almost £670,000, has been jailed. He was sentenced to two years and six months in prison at Inner London Crown Court for conspiracy to defraud.

He processed 29 fake invoices between July and August 2017 which appeared to come from the personal assistant to the CEO of his employer. The fake invoices, which purported to be from various companies, totalled £668,000.

The company conducted an internal investigation and discovered that he processed all of the fake invoices instantly. This was flagged as suspicious as most invoices were not usually processed until hours, or even days, after being received.

Temporary Detective Sergeant Darren Norton, from the City of London Police, said: “This was a shameless and ludicrous attempt by an employee to defraud his employer out of a substantial amount of money. This is a great result and reflects that cases like this will be pursued by law enforcement.”

A search of a computer seized from his home uncovered a copy of a fake invoice that had similar features to those he processed between July and August 2017.

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