A woman has been sentenced after she defrauded the company she worked for out of over £100,000. Irene White 29/07/1943 of Regent Drive, Mossley, Tameside pleaded guilty to fraud by abuse of position at an earlier hearing and was jailed for nine months, today, Tuesday 26 August 2014, at Manchester Minshull Street Crown Court. White had worked at Macpac Limited in Stockport since 1989 and had been promoted to the position of finance manager. Her duties included pension contributions, producing monthly financial & nominal accounts and purchase ledger administration. In October 2013, a supplier noticed they had not been paid £4,000 but when records were checked, it showed they had. White was told and she said she had made a mistake, had not paid it but would, out of her own money. When questioned further, she said she had borrowed the money to help a friend. She was asked to tell her manager but refused. When the issue was raised, she was suspended pending the outcome of an investigation. Following further inquiries, it was established a total of £62,470.58 had been transferred in 49 separate transactions to Whites personal bank account between October 2009 and her suspension, in December 2013. It was discovered White disguised these payments through the abuse of the credit note facility and BACS payments. The company would receive a credit note from a supplier for goods not received or that were faulty. These notes should have been posted onto their computerised accounts system which would have then automatically deducted them from outstanding invoices as well as managing how much and when to make payments. Instead, White would hide or destroy those credit notes and ask the Directors, who were unaware of the credit notes, to authorise full payment of the given invoice. She would then manipulate the computerised weekly list of bulk payments to pay the supplier the invoice minus the credit note and then pay the difference to herself via a BACS payment. Following this discovery, police were called. White admitted writing cheques in the company name to herself as well as creating fraudulent invoices. In total, she had taken £109,138.31 Police Constable Katherine Hingston said: White had worked at the company for over 20 years and was in a position of trust. As she looked after the financial side of the company, she saw this as an ideal way to hoodwink her colleagues. Over time, her bosses had offered her pay rises but she refused these, claiming she would have to pay tax. However, she was found out and now has to pay with a jail sentence.
Posted on: Wed, 27 Aug 2014 09:27:41 +0000
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