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Former IP jailed for three years 9 August 2013

A former insolvency practitioner and accountant who stole over £200,000 from clients and insolvency estates before putting the money into his own accounts has been jailed for three years.

Garry Hacker, formerly of accountancy firm Chantrey Vellacott DFK, was sentenced at Lewes Crown Court on 7 August.

He admitted one count of fraud by breach of trust and one of obtaining funds by deception at Brighton Magistrate’s Court on 30 May.

Detective Constable Foster, of the Sussex police economic crime unit, said: “The company specialises in dealing with companies that have become insolvent, and Hacker abused his position of trust by redirecting funds to his own and other accounts under his control.

“During this time he was on a good salary and claimed significant amounts in legitimate expenses but this did not stop him from committing these offences over the years in order to help indulge his high-maintenance lifestyle.

“This was a case of a trusted employee who decided to take advantage of the faith that his employers had in him, to systematically defraud them for his own selfish gain. He now has an opportunity to reflect on the wisdom of that decision.”

Hacker stole more than £200,000 between 2001 and 2010 whilst working for Chantrey Vellacott, until a colleague discovered the loss of a £5663.75 cheque.

At a disciplinary tribunal hearing led by the Institute of Chartered Accountants in England and Wales (ICAEW) in 2011, Hacker admitted transferring funds into accounts belonging to his former domestic partner and his own accounts.

Hacker was declared bankrupt in August 2010 so there were no assets that could be confiscated as having been paid for or supported by crime.

A Chantrey Vellacott DFK spokesman said: “We are grateful that this regrettable matter has now been concluded with the sentencing of the individual concerned. His actions were detected by staff and we thank everyone involved in bringing this to light and the individual to justice.

“We, of course, reviewed our internal processes when this was detected three years ago, and further checks have been introduced subsequently. Creditors have been recompensed for any losses that they might have suffered as a result of his actions.”

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