s Firm's Forensic team uncover £1m worth of fraud resulting in jail sentence
Entirely Law

LIVERPOOL LEGAL NEWS


Firm's Forensic team uncover £1m worth of fraud resulting in jail sentence


Earlier this year Liverpool based financial advisors Wilson Henrys forensic team...



Firm's Forensic team uncover £1m worth of fraud resulting in jail sentence

...led by Director Hilene Henry, acted as an expert witness in a Lancashire fraud trial, involving three individuals colluding to defraud their employer.

 

The trio, who had worked at LS Systems, a horticultural firm in Tarleton, Lancashire were arrested by officers after suspicious activity was reported in company accounts in 2014.

 

Wilson Henry were initially engaged to review the firms accounts system, and quickly discovered a number of transactions that had been made in previous years, with large sums of money withdrawn.

 

These transactions included £27,000 worth of diversion products, to allow branded footwear to be sold below RRP cost online and illegal money transfers worth up to £600,000 using dummy employee records.

 

Other findings also included £600,000 worth of exorted funds using fictitious purchase invoicing to buy three properties and £100,000 worth of diversion of online bank account balances.

 

Hilene Henry, Director of Wilson Henry, who led the firm’s team and gave expert evidence at the trial, said:

"To find out more about how Wilson Henry can protect your business against fraud and to get your copy of our fraud guide, call Wilson Henry on 0151 264 8888 or email hilene.henrywilsonhenry.co.uk"
Wilson Henry



 

“Most businesses think fraud is something which happens to others and not to themselves. This case was a massive call to action for all businesses to ensure that their systems are set up to protect them.

 

“It is easy for someone (or several people) to con business owners into thinking that they are acting in their best interests rather than stealing from them. this is the tip of the iceberg. As we speak a fraud is being committed in a small business in the North West every second of the day.

 

“The need to properly vet who you are employing and how you are controlling what they do, has never been more palpable.”

 

All three offenders have now been arrested and charged with conspiring to steal and removing criminal property.

 

The main culprit has since been jailed for seven years and three months, following a trial at Preston Crown Court, with the other two offenders receiving suspended sentences.

 

Proceeds of Crime Act (POCA) proceedings has now begun to help recover some of the money stolen.




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.







Hill Dickinson


Hill Dickinson LLP is a leading and award-winning international commercial law firm with more than 1,400 people including 190 partners, with offices in Liverpool, Manchester, London, Chester, Sheffield, Piraeus and Singapore. The firm delivers advice and strategic guidance spanning the full legal spectrum.






Hampson Hughes Solicitors


Hampson Hughes Solicitors are specialists in no win no fee personal injury compensation






Cassell Moore Solicitors


Cassell Moore is a leading multi-national law firm, providing first-rate legal and strategic support to our diverse client base of public and private sector businesses and individuals. Our professional, friendly and commercially aware team has secured Cassell Moore a strong nationwide presence and reputation as client centric problem solvers. The Firm is headquartered in the iconic Grade I listed Edward Pavilion at the historic Albert Dock, Liverpool and maintains offices in the leading






Bennett Williams Solicitors

Legal


Bennett Williams Solicitors is a commercial law firm specialising in debt recovery, commercial dispute resolution and insolvency law. If you need to recover a debt, resolve a commercial dispute or have a customer or client that is insolvent, we can help you.






Matrix Solicitors

Solicitors


Matrix Solicitors are a Wirral based Personal Injury Solicitors firm specialising in no win no fee compensation claims for personal injury, road traffic accidents, slip and trips and more. Visit our website to start your claim www.matrixsolicitors.net






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST


















































Forward Role Win Four National Awards


Marketing and digital recruitment agency, Forward Role, are celebrating after scooping four national awards.The string of wins included Best Regional Agency, Best Client Service, Best Large Agency and Agency of the Year, at last nights Marketing and Digital Recruitment Awards