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Head of Finance jailed for 10 years for £1m invoice fraud

Tuesday 26th April, 2022

A former company head of finance has been jailed for 10 years after admitting to stealing more than £1million from his employers to fund a lavish lifestyle.

Along with the sentence he also received a 12-year company director disqualification.

He fraudulently pocketed approximately £1.2million from three businesses he worked for between 2010 and 2019.

He was trusted with company finances at three different businesses and on more than 400 occasions abused his position to transfer money from their accounts to his own.

Between 2010 and 2016, whilst working at UK Bathroom Village Ltd he used credit cards and wrote more than 200 company cheques for personal expenditure. He also paid himself illegitimate expenses totalling £36,000.

The money he obtained was used to purchase and extend an expensive family home, pay large mortgage payments, as well as to buy foreign family holidays and expensive cars.

The investigation found he used company credit cards over four years to make more than 1,000 Amazon purchases, including electronic items, speakers, books, plus DIY and gardening equipment.

The fraud came to light when he was away on holiday in 2016 and issues arose with payments to suppliers. Close inspection of the accounts identified fraudulent payments.

After leaving the company, he went on to work for a dentistry business where he stole more money, which was partly used to repay some of what he stole from his previous employer. He then defrauded a music promotion business while working for them between 2017 and 2019.

Steven Hawkins, managing director of UK Bathroom Village Ltd which Black took a seven-figure from, said the impact had been ‘immeasurable’.

Mr Hawkins said Black’s fraud led to the company being put into administration in 2019 but has been able to relaunch.

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