Wilson Henry Forensic Team led by Hilene Henry acted as expert witness in Lancashire Fraud Trial involving three individuals colluding to defraud their employer. This resulted in main culprit being given a long custodial sentence.
The trio, who had worked at LS Systems, a horticultural firm in Tarleton, Lancashire were arrested by officers after suspicious activity was reported in company accounts in 2014.
Wilson Henry were initially engaged to review the accounts system and quickly discovered a number of suspicious transactions that had been made in previous years, with large sums of money withdrawn. These included:
- £27,000 diversion of product to home to allow branded footwear to be sold below cost online
- £150,000 Illegal money transfers using dummy employee records in certain instances;
- £600,000 extorted using fictitious purchase invoicing to buy three and renovate properties.
- £100,000 diversion of online bank account balances
All three were arrested and charged with conspiring to steal and removing criminal property. The main culprit was was jailed for seven years and three months on March 2 following a trial at Preston Crown Court. The other two received suspended sentences.
Proceeds of Crime Act (POCA) proceedings have now begun to help recover some of the money which was stolen.
Hilene Henry who led the team and gave expert witness evidence at the trial commented;
“Most businesses think Fraud is something which happens to others and not to them. This case is a massive call to action for all businesses to ensure that their systems are set up to protect them. It is easy for someone to con business owners into thinking they are acting in their best interests and not stealing from them. This is the tip of the iceberg. As we speak a fraud is being committed in a small business somewhere in the North West every second of every day. The need to properly vet who you are employing and how you are controlling what they do has never been more palpable.”
For more information on how you can protect your business against fraud and your FREE White Paper FRAUD GUIDE call us on 0151 264 8888 or email Hilene.Henry@wilsonhenry.co.uk.