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Financial Professional Commits Fraud Against Two Employers

Thursday 28th March, 2024

A financial administrator who conned two separate employers out of more than £200,000 was jailed for 23 months.

She used her ill-gotten gains to fund expensive holidays in Dubai and New York.

The frauds took place over an eight years period between September 2011 and July 2019, she defrauded £203,498 from her employers at Cots and Tots Ltd by transferring the cash out of their account.

She also defrauded the Drumcree Community Trust by transferring £1,918 from their account to her own account.

She had been working as a financial administrator at Cots and Tots with control and access to the pay roll, outgoings and tax matters.

In 2019, a bankruptcy agency contacted the other directors to alert them that she had been declared bankrupt, a matter which came as “something of a surprise to them” because she was not a director.

After an audit and it transpired that she had made dozens of unauthorised transfers from Cots and Tots straight to her own account.

Regarding Drumcree Community Trust, the barrister said McGuckin had been employed in a similar role but her offences came to light when the company “became aware of the allegations at Cots and Tots”.

When they checked their accounts, they uncovered that she had been doing almost the exact same thing, essentially transferring money to herself over and above her salary.

Detective Inspector Foley said: “She showed a callous disregard for those she chose to defraud. She took money from her employers, who also offer employment to local people in the area and have suffered greatly due to the financial loss. “

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