Women Who Fleeced Hundreds Of Thousands From Her Employer Is Jailed
A woman who stole more than over half a million pounds from her employer has been jailed.
Susan Elaine Rennie of Martin Avenue, Lytham, Blackpool was sentenced at Bolton Crown Court today, to four and a half years in prison. She had pleaded guilty to fraud by abuse of position at an earlier hearing.
Rennie had been a purchase ledger supervisor at IT company, Ascribe, in Westhoughton which was responsible for dealing with invoices. This would include processing payments to companies and it gave Rennie access to and in-depth knowledge of the company’s financial transaction systems.
She began to take advantage of her position in October 2009. She would pay the supplier the amount as stated on the invoice, but would also pay the same amount into her own bank account. She also changed some of the supplier’s bank details to her own, so she would be paid instead of them.
In total 105 fraudulent transactions were paid into Rennie’s bank account with a total of £587,471.24.
In January this year, when the financial accounts were consolidated, a loss in the company’s value was discovered and after further investigation, Rennie’s theft was exposed.
The company contacted Greater Manchester Police and an investigation by the Fraud Investigation Team was launched, which culminated in the arrest of Rennie at her home in Lytham on Tuesday 17 March 2015.
Detective Constable Kate Mason said: “Rennie was placed in a position of trust, dealing with financial accounts. Sadly, greed got the better of her and she spent the majority of the stolen money on her homes, clothes, socializing, cars and holidays for her and her husband.
“These crimes represented significant financial losses for the victim company and Rennie showed no regard whatsoever for the damage she would cause.
“I hope that this sentence will send a message to those people who believe they can steal such a large amount of money from businesses and think they can get away with it.”