Former paint firm boss who stole £40,000 from company is jailed for nearly two years
Posted: Monday, March 14th, 2022
A company manager who stole £40,000 from his employers to fund cocaine fuelled encounters with escorts following the breakdown of his marriage has been jailed. George Smith, 33, was working for Cheshire-based Bromborough Paints - now known as Paintwell - when he committed the offence, a court was told. The father of two, who earned £27,000 a year as a branch manager, had been found selling pots of paints and rolls of wallpaper to tradesmen for cash before cancelling the transaction and pocketing the money for himself. The MailOnline reports that his offending was discovered when the company carried out an audit and, when police later checked his bank statements, they found Smith had made regular purchases from food outlets, nightclubs and hotels. When confronted by his company, Smith said he had squandered all the money he stole as he had become 'addicted to drink, cocaine and prostitution'. At Manchester Crown Court, Smith, of Winnington, Northwich, admitted theft by employee and was jailed for 21 months. Afterwards, Giuseppe Alfonso, finance director of Paintwell, described Smith's offending as 'incredibly shocking'. In a statement, Alfonso said: “This theft shook our business. The sheer amount and volume that had been moved around by Smith was incredibly shocking.”
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