No Criminal Charges for $300,000 Fraud Against Employer

Our client was a financial controller with a large corporation. Her role allowed her to have access to the company’s accounts. She was also responsible for payment of the expenses and invoices.

In the course of her employment, she transferred $300,000 to herself and her partner. She labelled these transfers as payments for expenses and invoices the company received.

After some time, the company became aware of this and confronted her.

Regrettably, the client did not come to us at this time and agreed to an interview with the company. During the interview, she made full admissions. It was only after she spoke to us some days later that we could explain that the interview provided the company with evidence against her they would not have otherwise.

Given there was no prospect of defending the matter, our client was ceratian that the company would make a police complaint a she would face a significant jail sentence. However, we took a different view.

We contacted the company on behalf of our client and sought a settlement deed of release. The conditions of the deed were that there would be no report of the matter to police or disclosure to any third parties. We included non-disparagement and confidentiality clauses to the deed which covered our client’s interests.

We were able to limit the amount of money to only what she had taken plus legal costs. Ultimately, the deed was negotiated and signed in less than a month with no police involvement.

Our client is able to continue her life without any criminal charges against her or her partner.