BusinessPeople In BusinessFD jailed for £1.3m theft

FD jailed for £1.3m theft

Former finance director Jane Jones is jailed for three and a half years for stealing £1.3m from former employer Squirrel Storage

A FINANCE DIRECTOR has been jailed for stealing £1.3m from her Leeds-based employers Squirrel Storage.

Jane Jones was sentenced to three and a half years in jail after admitting theft, the Yorkshire Evening Post reports.

The theft came to light when she was succeeded by another finance director who investigated the missing funds.

She had transferred sums from the business to her personal account over a number of years ranging from £400 to £21,000.

Jones was already banned from being a company director for a previous dishonest convinction, when she took the FD job.

In the ten years she worked at the business the turnover increased from £2m per annum to £12m.

John McDairmid, mitigating, said: “Tragically, what she does honestly, she does well and it is remarkable in this case that even those from whom she stole are prepared to say that she was of great value to them in terms of building up the business.”

 

 

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