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Financial controller jailed for fraud at family run business

Wednesday 5th January, 2022

A financial controller has been jailed for 16 months after stealing more than £60,000 from her employer to support a luxury lifestyle.

She began syphoning off the money into her own accounts just weeks after she started working for Architectural Louvre Products & Services (ALPS) a family run construction firm based in Havant

During 2018 and 2019 she used company credit cards, falsified payments so money was sent to her accounts, and duplicated invoices as part of the fraud.

The company was left struggling financially as a result of the fraud and subsequently four staff members were made redundant.

The fraud came to light when she was caught by a junior accounts worker who then reported it to one of the directors. She blamed her actions on being cash-strapped after a divorce.

Prosecutor Matthew Lawson told Portsmouth Crown Court, said: "As one of the most senior positions, she had overall responsibility for the accounts and was given full access to their bank accounts and credit cards.”

Director, Mark Platten told the court it caused the business serious cash flow issues, caused negative relationships with suppliers, and left the company so short of cash it could not pay staff or provide bonuses. Wales Online reported.

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