A Brisbane employee who stole almost $3 million from the Bank of Queensland (BOQ) and then spent it like “Monopoly money” on cars, jewellery and holidays has been sentenced to nine years’ jail links of london charms.
Reecson (Reecson) Wentworth Denford, 24, of Ascot, pleaded guilty in the Brisbane District Court on Tuesday to one count of fraud over a 20-month period totalling $2.935 million links of london on sale.
The court heard Denford illegally made hundreds of transactions between November 2006 and August 2008 while working for EDS Pty Ltd, a company employed by BOQ for onsite accounting and computer services links of london.
Prosecutor Julie Aylward told the court Denford discovered a loophole where he could make unchecked credit voucher transactions under $10,000 to a body corporate sinking fund looked after by his wife, then forward the money to his personal account links of london bracelets.
She said he would then purchase depreciating items with the money, most of which lost half their value the moment they left the store.
Some of the more lavish purchases included a trip to the world’s only seven-star hotel, in Dubai, a $100,000 BMW, a $70,000 Mini Cooper, $450,000 worth of French champagne and $320,000 worth of jewellery.