Accountant steals £500k for gambling addiction

Community Correspondent
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An accountant has admitted to stealing £540,000 to fund his gambling addiction, Durham Crown Court heard.

Lee Philip Hammond from Darlington admitted five counts of fraud, three of theft and one of attempted theft.

The accountant is expected to be jailed when he returns to receive his sentence on 22 March.

Hammond took £54,000 donated by three investors into his accountancy firm between 2008 and 2010. He stole more than £400,000 from Shildon and Sedgefield Developmental Agency. Following a merger, he also took £73,000 from the South Durham Enterprise Agency in 2010.

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28th Feb 2013 11:14

donations.....isn't that

fair game....and as for £400k from a development agency....how does someone manage that - it appears there are incompetent people all over the place just waiting to be robbed....

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01st Mar 2013 12:39

Puzzled

Theres nowt in the North East to buy for that much money...how bizzare

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01st Mar 2013 13:25

Gambled away.

He could have spent it on wine, women and song.

 

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01st Mar 2013 21:44

Gambled Away

Who investigated the case.... Was it the Pink Panther? He was always on about "Durham, Durham", wasn't he?

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