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Fraudster sentenced to three years for funding lavish lifestyle with employer’s cash

  • Fraudster enjoyed lavish luxuries after stealing more than £350,000 from employer

  • Fraud Squad investigation by the City of London Police leads to three year sentence

Today (15 June 2017) at the Inner London Crown Court Nishma Mistry, aged 34 formally of Thor Drive, Bedford has been sentenced to three years after pleading guilty to fraud by abuse of position after stealing £351,943 from her employer.

Mistry’s employer contacted Action Fraud on 13 April 2016 after it was discovered that between 30 July 2013 and 12 February 2016, Mistry had made 43 fraudulent transactions as the Division Financial Controller to fund a luxury lifestyle beyond her means.

The fraud came to light when a Vice President of the company noticed an Invoice Approval Form for £6,256. The invoice, from a service provider, seemingly had the Vice President’s signature on it. He had not signed the invoice.

As a result, the company sought the bank details from the service provider the payment had purportedly been made and found it was not the provider’s bank account. The payment was found to have been made to a bank account registered to Mistry.

Subsequent analysis by the company found that a total of £289,869 had been paid into this account between 11 February 2014 and 12 February 2016 while a further £62,074 had been paid into a second bank account also registered to Mistry.

The City of London Police’s Fraud Squad began its investigation into Mistry on 5 May 2016 and found that over a period of three years, Mistry used the stolen money to fund home improvements, cars and personalised number plates, holidays, hotels, restaurants and spa visits, as well as luxury goods and paying off an existing loan.

Detective Sergeant Lee Nelson of the City of London Police’s Fraud Squad said: “Mistry put her entire career and future on the line to enjoy a lavish lifestyle far beyond what she could have afforded legitimately. Her sentence today is the result of the hard work by a dedicated Fraud Squad investigator and demonstrates fraudsters will not be allowed to get away with stealing from their employers. They will be caught.”

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