Category Archives: Employee Fraud

The York Press reports that nearly £4 million was stolen from businesses in North Yorkshire over the last year through online crime.

Between March 2015 and 16, a total of £3,952,171 was reported lost by businesses in North Yorkshire as a result of fraud and hacking.

The Evening Standard reports that a Department for Education worker swiped £1.1 million meant for youth sports projects and used it to buy a luxury flat.

Edward Fowkes Chapman – jailed for over three years – set up two companies and authorised seven separate payments to them over a two-year period.

The Times & Star carried a story about Mark Vollers – the owner of the Lake District Coast Aquarium – who has issued a stark warning over employee fraud, after two members of his staff stole almost £130,000. Pamela Gradon, a manager at the aquarium, received a 32-month jail term for the theft of £117,000.

An article on the People Management website states that businesses in the private sector are collectively losing £12bn each year through payroll fraud.

The Annual Fraud Indicator 2016 report found that the biggest source of loss related to procurement – causing annual losses of £127bn.

The Bournemouth Echo reports that a Europcar employee stole car parts worth £80k and sold them for a fraction of their value on eBay.

Paul Cox made an “initial denial” to his employers before admitting just half an hour later: “I was just trying to give my family a better life.”

BBC News reports that a serial conman who defrauded an energy firm of £40,000 after lying to get a job as its finance director has been jailed.

James Cox concocted a CV and references to land the role and £65,000 salary at Britain’s Energy Coast (BEC).