Thief who stole £1.3m from High Wycombe employer faces £150k bill

Thief who stole £1.3m from High Wycombe employer faces £150k bill

Thief who stole £1.3m from High Wycombe employer faces £150k bill

First published in News by , Reporter

A 'CALCULATED' thief who stole over £1.3million from his employer in High Wycombe has been ordered to pay back nearly £150,000 of the cash.

Lee Stephen Young, 34, of Petronel Road, Aylesbury, was jailed for four and a half years after being found guilty of theft by an employee at Aylesbury Crown Court on March 11.

And after a successful confiscation order obtained by the Economic Crime Unit, Young will be forced to repay £146,612 towards recouping the losses caused by his crime.

Young stole the cash while working as a project manager at IT company Azzurri Communications on Gordon Road, High Wycombe.

Responsible for assessing the computer requirements of Azzurri clients and ordering sufficient stock to meet the client needs, he over-ordered stock and sold the excess on to a third party for profit.

This carried on over a number of years until a supervisor discovered company stock being sent to an address not known to be a client site.

These unauthorised transfers were found to be hundreds of thousands of pounds, and it was reported to police in High Wycombe in October 2013.

At the same time, it was discovered that Young was selling his house; this was restrained by members of the Economic Crime Unit, meaning he could not sell it.

A full financial investigation was completed by the ECU, which showed that Young had benefitted to the tune of of £1,361,721.52 and his available assets were £146,612.

A confiscation order was heard at Aylesbury Crown Court on Thursday May 15, where the judge ordered that Young repay £146,612 within six months, to go towards compensation for the losses.

If the money is not repaid within the six months, Young will serve a further two years imprisonment on top of his original sentence and still have to pay back the cash.

Financial Investigator Chris Yoxall, from the ECU, said: “I am pleased that we were able to block the sale of Young’s house, which meant that at least some of the cash was paid back to the victim of this calculated crime.

“Thames Valley Police is dedicated to ensuring criminals do not benefit from the proceeds of their crime and always seek to use the Proceeds of Crime Act (POCA) to obtain orders such as this. I hope this sends out the message that crime doesn’t pay.”

Comments (7)

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12:28pm Fri 23 May 14

wycombe_lad says...

So the shortfall of around £1.2million is forgotten about?

I thought crime didn't pay!
So the shortfall of around £1.2million is forgotten about? I thought crime didn't pay! wycombe_lad
  • Score: 24

12:42pm Fri 23 May 14

evenflo says...

wycombe_lad wrote:
So the shortfall of around £1.2million is forgotten about?

I thought crime didn't pay!
Yep basi maths so where has the rest of the money gone?
[quote][p][bold]wycombe_lad[/bold] wrote: So the shortfall of around £1.2million is forgotten about? I thought crime didn't pay![/p][/quote]Yep basi maths so where has the rest of the money gone? evenflo
  • Score: 11

12:44pm Fri 23 May 14

evenflo says...

evenflo wrote:
wycombe_lad wrote:
So the shortfall of around £1.2million is forgotten about?

I thought crime didn't pay!
Yep basi maths so where has the rest of the money gone?
Thats "basic" maths perhaps i should work on my basic English :)
[quote][p][bold]evenflo[/bold] wrote: [quote][p][bold]wycombe_lad[/bold] wrote: So the shortfall of around £1.2million is forgotten about? I thought crime didn't pay![/p][/quote]Yep basi maths so where has the rest of the money gone?[/p][/quote]Thats "basic" maths perhaps i should work on my basic English :) evenflo
  • Score: 8

1:52pm Fri 23 May 14

Peter Cyprus says...

wycombe_lad wrote:
So the shortfall of around £1.2million is forgotten about?

I thought crime didn't pay!
I think you will find that it does, even for those that get caught like the scumbag in question!
[quote][p][bold]wycombe_lad[/bold] wrote: So the shortfall of around £1.2million is forgotten about? I thought crime didn't pay![/p][/quote]I think you will find that it does, even for those that get caught like the scumbag in question! Peter Cyprus
  • Score: 5

1:54pm Fri 23 May 14

Bartholomew HuckleBerry says...

A very calculated person indeed but such a shame that ever so dedicated Thames Valley Police and the prosecution service did not use any sort of calculator, otherwise they would have found the £1.2 million shortfall.

I must congratulate this person nevertheless because at a profit of £1.2 million and a 2.2 year sentence, this must have the best investment he has ever made. Crime does pay, and it pays a million. Maybe it is time to quit our work and commit crime !
A very calculated person indeed but such a shame that ever so dedicated Thames Valley Police and the prosecution service did not use any sort of calculator, otherwise they would have found the £1.2 million shortfall. I must congratulate this person nevertheless because at a profit of £1.2 million and a 2.2 year sentence, this must have the best investment he has ever made. Crime does pay, and it pays a million. Maybe it is time to quit our work and commit crime ! Bartholomew HuckleBerry
  • Score: 18

10:14am Sat 24 May 14

Peter Cyprus says...

Bartholomew HuckleBerry wrote:
A very calculated person indeed but such a shame that ever so dedicated Thames Valley Police and the prosecution service did not use any sort of calculator, otherwise they would have found the £1.2 million shortfall.

I must congratulate this person nevertheless because at a profit of £1.2 million and a 2.2 year sentence, this must have the best investment he has ever made. Crime does pay, and it pays a million. Maybe it is time to quit our work and commit crime !
In defence of the police, it is not their job to impose sentences, you should really direct your comment to the judiciary.
[quote][p][bold]Bartholomew HuckleBerry[/bold] wrote: A very calculated person indeed but such a shame that ever so dedicated Thames Valley Police and the prosecution service did not use any sort of calculator, otherwise they would have found the £1.2 million shortfall. I must congratulate this person nevertheless because at a profit of £1.2 million and a 2.2 year sentence, this must have the best investment he has ever made. Crime does pay, and it pays a million. Maybe it is time to quit our work and commit crime ![/p][/quote]In defence of the police, it is not their job to impose sentences, you should really direct your comment to the judiciary. Peter Cyprus
  • Score: -1

4:31pm Sun 25 May 14

retchub says...

smart cookie !!!!! what an easy way to make a few bob .THANKS TO EASY GOING JUDGES!!!!!
smart cookie !!!!! what an easy way to make a few bob .THANKS TO EASY GOING JUDGES!!!!! retchub
  • Score: 1

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