Accountant jailed for £125k double fraud

An accountant who committed a fraud at one of her employers, which meant the company had to make five redundancies among staff, and who then went on to steal money from a second business has been jailed for 32 months

Glasgow Sheriff Court heard that Natalie Taylor first embezzled £88,226 from Motherwell-based McCann Electrical Ltd. The fraud was uncovered when she took a work laptop home and failed to return.

Another accountant looking at the company accounts noticed multiple payments had been made to four accounts which were found to be Taylor's. The court heard that impact on the company included five redundancies.

The fraud was reported to police and despite a warrant being out for her arrest, Taylor took a second bookkeeping job at a company called Hannah’s and was found to have defrauded that company of a further £37,668.

In court Taylor admitted two charges of embezzlement totalling £125,894 between July 2017 and August 2018 from the two companies, plus theft of a laptop.

The court was told Taylor had moved some of the money into her unsuspecting 15-year-old son's bank account, as well as accounts belonging to two friends. 

Taylor was sentenced to 20 months for the first charge of embezzlement, six months for theft while on bail and 12 months for the second charge of embezzlement. The sentences will be served concurrently.

Report by Pat Sweet

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