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Finance Assistant Jailed over £1.5m Fake Invoice Fraud

Friday 24th November, 2023

 A finance assistant who stole £1.5m from a family scrap metal business in Aberdeen by faking invoices has been jailed.

She used the money stolen from the company to finance a lifestyle that included expensive family holidays, new cars and two static caravans valued at £78,000 and other high-end goods.

She had also paid for full tables at charity events as well as buying alcohol for all those who attended. Her behaviour started to raise suspicion after she boasted of her lifestyle to a work colleague who was responsible for paying out company wages.

Meanwhile, a separate review of company finances was carried out amid concerns over a drop in funds.

During that review, it was discovered that she had been paying invoices to a fake customer known as ‘G Anderson’ and depositing the money into her own bank account.

The review also uncovered five company accounts which contained her bank details. It transpired that she had sole responsibility for a number of allotted clients.

Moira Orr, who leads on homicide and major crime for the Crown Office and Procurator Fiscal Service, said: ‘Fraud and embezzlement are not victimless crimes. This was a blatant example of someone targeting a business and then carrying out a significant embezzlement.

The perpetrator will now be the subject of a confiscation order under proceeds of crime legislation with a hearing scheduled for January.

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Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.