22 March 2007
Fraudulent director sentenced to three-and-a-half years
A finance director who fraudulently obtained nearly £1 million from his company to spend on gadgets and home improvements has been jailed for three and a half years.
Stephen Netherton, 50, of Hull, was found to have falsified accounts over a nine-year period at oils manufacturer AarhusKarlsham.
Mr Netherton’s crimes were discovered when his assistant noticed a series of anomalies in the accounts while Mr Netherton was holidaying in the Caribbean.
At the hearing at Hull Crown Court, Mr Netherton was found guilty of 30 counts of theft, one count of possessing criminal property in excess of £500,000 and four counts of concealing, converting or transferring criminal property.
Paul Welton, detective inspector of the Economic Crime Unit, told the Yorkshire Post: "He was stealing the money in four ways. He had a company credit card which he used to make lots of trips abroad. He also changed a lot of foreign currency, he was writing cheques out to his account and transferring payments to his account."