Norwich accountant jailed for three years for £328K fraud

An accountant from Norwich has been jailed for three years after stealing £328,500 from the Norfolk Chamber of Commerce, which the 23 year old used to fund a high rolling lifestyle

Alexander Dickerson admitted fraud by abuse of position at Norwich Crown Court. He joined Norfolk Chamber of Commerce in July 2012 as an assistant accountant to the financial director who left soon after, leaving him responsible for preparing accounts under supervision.

Dickerson said he first took £7,000 to cover repayments on a loan from a payday finance company, but then stole more to fund gambling, which he said was an attempt to pay back what he had taken, plus holidays and an Audi A3 car which cost £12,000.

In March 2014, Barclays Bank told Norfolk Chamber of Commerce that payments were being returned.

Following an audit of its accounts, the organisation found that £328,500 had fraudulently been taken by both cashed cheques and online transfers from the company account to the Dickerson's personal account.

Caroline Williams, chief executive of Norfolk Chamber of Commerce, said: 'Alex initially showed promise but unfortunately he abused his position and went to great lengths to cover his tracks. With the assistance of external advisers we have now reviewed every part of our procedures.'

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

View profile and articles

Be the first to vote

Rate this article

Related Articles