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Finance Manager Who Stole £34,000 From Family Firm Sent for Crown Court Sentencing

Magistrates sent the case to Newcastle Crown Court for sentencing on March 12.

Overview

  • Sarah Gray, 46, admitted one count of fraud by abuse of position after taking £34,257.19 from UK Industrial Tapes.
  • Prosecutors said she made 36 transfers from company accounts over seven months while working as finance manager.
  • Missing payments were flagged by a newly hired finance manager and suppliers, leading the bank to provide records for a police inquiry.
  • A victim impact statement said the firm incurred roughly £37,000 in extra costs such as recruitment and supplier charges.
  • Gray said the money went on household bills and part of a holiday; she was arrested at a subsequent job and is on bail to appear next month.