Hull Man Stole £90k Using False ReturnsTuesday, 21st October 2014 at 4:58pm
According to a story in the Hull Daily Mail, an employee who stole £90,000 from a Hull motor parts company was spared jail after promising to pay the firm back.
Waterloo Motor Trade Ltd. offered customers a ‘no quibble’ returns policy that was exploited by David Peters, 43, by filing false returns at the firm and pocketing the cash.
The prosecutor told the court that “[Peters] exploited [that policy] over a period of six years or thereabouts, from December 2006 to 2012, and he did so by using his position as a counter assistant to create false returns.”
A financial investigator was drafted in to look into Peters’ finances and she discovered numerous cash sums were being deposited into his bank account, which totalled £90,000.
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