Thursday, October 29, 2020

Accountant to stars including Rita Ora and Matt Dawson handed six-year jail term in £3.3m fraud

-

An accountant who committed a £3.35 million pound fraud on high-profile clients including pop star Rita Ora and retired England rugby captain Matt Dawson has been jailed for almost six years.

Andrew Munday, 38, caused a loss to the former X Factor judge’s company of nearly £2.4 million during the fraud campaign spanning seven years.

Dawson’s company suffered damages in the region of £1.08 million as father-of-two Munday siphoned money from their accounts and into his own.

The married gambling addict, of Moulton, Northamptonshire, was sentenced to five years and eight months’ imprisonment on Wednesday after admitting six counts of fraud by false representation and three of money laundering.

- Advertisement -

Judge Rupert Mayo told Northampton Crown Court: “The individuals who trusted you with their bank sign-in details and therefore trusted you with their hard-earned wealth have been emotionally harmed by the abuse of trust which you perpetrated.”

Munday used the illicit gains to finance his habit, live a “lavish lifestyle” with exclusive membership at Tottenham Hotspur and buy Star Wars and football memorabilia including signed Paul Gascoigne shirts.

The fraudster transferred £1.6 million from Ora’s company into his own account and caused a total loss to the firm of £2,390,747 while an accountant at now defunct Blue Cube Business Ltd.

Former England rugby international Martin Bayfield’s firm Six Ten Media and songwriter V V Brown were also victims of the network of frauds between March 2009 and April 2016.

- Advertisement -

In a victim impact statement, Brown said she was left feeling “numb” after hearing of the fraud by the seemingly “charming and loyal” perpetrator, who she believes “ruined a lot of people’s lives”.

Bayfield said the crime caused him “mental stress” and Munday “stole any degree of spontaneity our hard-earned money might have provided”.

Munday, who was made bankrupt in 2006, also used the money to buy three properties outright, including one beside Collingtree Park Golf Club.

He also purchased expensive watches and jewellery.

Munday has made efforts to pay back the clients but they are currently facing a £710,000 shortfall.

Prosecutor Simon Davis said the first fraud spotted by Munday’s employers was on Ora’s company, Ora Multi Services (OMS), but this was revealed to be the “tip of the iceberg”.

Munday had told OMS tax payments were due to HMRC but provided the destination for the funds as Brown’s bank account.




He used Brown’s account to launder money into his own and used it to pay other people’s tax bills and for transfers to Tottenham Hotspur, where he had executive membership under the name Munday The Gambler & Sons.

Munday also used the HMRC ruse against A Question Of Sport captain Dawson and his company, Decidedly Dawson Ltd, as well as Bayfield’s.

Mr Davis said: “He was considered a hard-working and trustable employee. However, he was living a lie.

“The defendant spent the money on a lavish lifestyle, real estate and also gambling significant amounts.”

- Advertisement -

The prosecutor said Bayfield suffered “embarrassment” when, questioned over a bill, he told HMRC that “I paid it”.

But the account number was revealed not to be one for the department.

The court was shown evidence including his fluctuating gambling losses and wins, and told of a photo of Munday, of Earls Close, flaunting a bundle of cash while in his underpants.

In mitigation, Nigel Edwards QC said his client, who has paid back some of his gains, suffered with addiction as the “principal driver” in his life.

“He offers sincere apologies to all those who he defrauded,” Mr Edwards said.

MUST READ

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Mid-Small financial institutions to benefit from Oracle’s Anti-money laundering protection

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings...

Former Columbus mayor Eisenga charged with bank fraud

A former Columbus mayor and businessman who was once at the center of a controversial bill aimed at reducing child support payments for wealthy...

Former Harris County deputy constable pleads guilty to transporting drug money and heroin

A former Harris County deputy constable and her husband pleaded guilty Wednesday to charges of conspiracy to possess with intent to distribute heroin, according...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks