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7 Years Jail For Defrauding £19M

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http://www.dailymail.co.uk/news/article-2398732/IT-boss-stole-19MILLION-energy-firm-blew-gambling-online-jailed-seven-years.html

IT boss who stole £19MILLION from energy firm and blew most of it gambling online is jailed for seven years

Jonathan Revill, 38, submitted false invoices to order computer equipment

He then sold gadgets on and made £5.6million profit over three years

But he gambled away nearly all the money - and carried on after his arrest

Now his family will lose their home after he was sentenced to seven years

....

The 38-year-old's wife was entirely unaware of his criminal behaviour, which included buying a £500,000 family home with company money, and did not know that he had previously been declared bankrupt.

Leeds Crown Court heard yesterday that father-of-one Revill forged invoices to buy computer equipment while working as a service delivery systems manager at GDF Suez Energy in Leeds.

When the equipment arrived, he would send it either to his home in Huddersfield or to a storage unit, then sell it on to other companies or auction it on eBay.

Although he sold the computers at a loss compared to their original price, he made a profit of £5.6million over the course of three years, in addition to his £55,000-a-year salary and £400-a-month car allowance.

Revill had submitted a total of 104 invoices - totalling £18,976,062 - for equipment before auditors uncovered the fraud in May.

Impressive and only gets 7 years. I'm surprised he hasn't been headhunted by the City.

Although the firms audit policy doesn't appear too great if he managed to submit so many invoices and it not raise any suspicions.

At least we know how much his house was worth.

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1st, he defrauded his employer out of the cash...second, and worse, he supplied into the market 17M of kit which he sold for less than half price, probably putting companies at risk due to his criminal undercutting.

7 years is too short.

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http://www.dailymail.co.uk/news/article-2398732/IT-boss-stole-19MILLION-energy-firm-blew-gambling-online-jailed-seven-years.html

Although the firms audit policy doesn't appear too great if he managed to submit so many invoices and it not raise any suspicions.

You'd think so. 19 million . . . so about 19,000 Mac Book Pro, for example?

But then, these energy companies like GDF Suez have truly obscene amounts of money, so maybe it seemed like a drop in the, um, canal.

According to Wiki, the UK PLC's operating income is 2.805 billion (2011).

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63 thousand years.

That would bring him into line with this individual that stole about £20 of gear.

Of course that was just a foolish act in the heat of the moment so the corporate crim's sentence should be even higher.

Nice to know our judges are balanced unbiased individuals. :blink:

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Any real proof he really lost this money online gambling?

It's not that hard to launder money this way, especially if he had any help.

7 year sentence, so he'll be out in 4, and probably with a huge stash somewhere.

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Any real proof he really lost this money online gambling?

It's not that hard to launder money this way, especially if he had any help.

7 year sentence, so he'll be out in 4, and probably with a huge stash somewhere.

Yes, the old I-lost-it-gambling ploy. Best way to ensure that after a four year holiday he's made for life. ;)

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