Boss stole £750k to fund lifestyle
A FINANCE director who stole more than £750,000 from his bosses to fund a lavish lifestyle including £10,000 holidays has been jailed for four years.
Ian Kelsey, 67, took an average of £100,000 a year from the accounts of A M Todd, an essential oil supplier, for seven years.
He took up to £48,000 in a single transaction after discovering he had final authority over all VAT payments.
The disgraced employee, from Wells, Somerset, used the cash to fund a “high standard of living” including expensive holidays, jewellery for his wife and a fleet of new cars.
Kelsey was jailed at Taunton Crown Court yesterday after admitting 24 charges of transfer by deception and fraud.
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