£1million fraudster jailed
PUBLISHED: 10:38 12 August 2011
A con-man who fraudulently stole money from a Dartford company has been sentenced to three years in jail.
A fraudster has been jailed for three years after being charged fraud totalling more than £1 million.
Michael Clark, 55, from Boughton under Blean, near Canterbury, was sentenced to the jail term after being charged with eight counts of fraud.
He was arrested on September 29, 2010 and charged on February 24, 2011, by Kent Police’s Serious Economic Crime Unit (SECU).
Clark was the group finance director for SBS Worldwide Ltd, Dartford.
He had worked there since 1994 and held the directorship position since 1997.
In early 2010 it was found that there was a discrepancy in the company’s Air Miles account.
Clark had used this account to pay for personal flights abroad, and he was suspended from his position whilst SECU carried out an investigation.
Clark had also stolen money from the company’s expense accounts.
A forensic accountant firm was appointed by the company and an internal investigation proceeded.
Records and accounts were examined and it was found that Clark had in fact stolen £1,025,457.65 between 2001 and 2010.
This was broken down in various areas including expense claims, unauthorised bonuses, director’s accounts, company cheques paying for personal credit cards and cheques made payable to himself.
Clark admitted the fraud at a previous hearing at Maidstone Crown Court (July 15, 2011).
He had operated a sophisticated and complex fraud at SBS for a number of years. He had used many different methods to steal funds and cover his tracks.
The Judge told Clark that this was a grave breach of trust, dishonest conduct and that he had indulged in persistent stealing.