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.”

 

 

Related Articles

Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

4m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

4m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

5m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

5m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

6m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

8m Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Settlement reached between Margaret May and CIMA

Accounting Standards Settlement reached between Margaret May and CIMA

11m Stephanie Wix, Writer