Finance director jailed for £700,000 fraud

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A finance director who defrauded two companies he worked for out of £700,000 has been jailed for three years.

Forty-six-year-old Andrew Richards admitted theft and false accounting charges at Teeside Crown Court, reports the Northern Echo.

He was also banned from being a company director for...

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Rachael Power
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24th Apr 2013 11:34

Unbeliveable

I think that the Judge should get at least three years too! 

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24th Apr 2013 12:12

18 months for 700k...

with good behaviour...

 

not much of a deterrent

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24th Apr 2013 12:31

recompense?

Is there a body that deals with trying to recoup these monies through disposal of any assets for recompense to the parties who lost out here?

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24th Apr 2013 12:50

@hot dog

yep

 

Proceeds of crime act and money laundering regs, he'll be penniless when he gets out...well apart from the bit he has hidden in Banco Itau in Montevideo - Swift code ITAUUYMMXXX 

 

No extradtion treaty there.... if only he had made it to Heathrow....

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