Security firm boss pleads guilty to $1.4 million fraud
The general manager of an Auckland security equipment supplier will spend three years and three months behind bars for stealing $1.4 million from the company.
The general manager of a an Auckland security equipment supplier has been sentenced to three years and three months in jail after pleading guilty to Serious Fraud Office charges involving a $1.4 million fraud.
Martyn Tewsley Scott, 51, used his access to National Fire and Security’s accounting system to transfer $1.4 million to his own bank accounts and pay personal invoices amounting to $6,243.
Seven charges were laid by the SFO in September, relating to accessing a computer for dishonest purpose.
Scott worked at the Penrose-based firm for six years.
The SFO said Scott committed the fraud by diverting genuine supplier invoices to his bank account – preventing creditors from being paid, and making double-paying genuine invoices, with he second payment going to one of his bank accounts.
He also created false supplier invoices to support other payments covertly paid to his bank account.
Scott’s early guilty plea and a repayment of almost $700,000 to National Fire and Security were taken in to account in the sentencing today.
Yesterday, an employee from an air conditioning company in Gore plead guilty to six SFO charges relating to the theft of $600 thousand.
John William Jackson, 61, tapped into the computer system of air conditioning company Aire Res-Comm, where he was a director, to divert $604,779.87 into his own account over a three-year period.
Georgina Bond
Thu, 27 Jan 2011
Thu, 27 Jan 2011
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Security firm boss pleads guilty to $1.4 million fraud
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