Former AstraZeneca Employee Jailed For Theft
Make a commentBy Ed Silverman // March 7th, 2008 // 7:57 am
Alan Hibbert had been employed as a restaurant manager for the drugmaker in the UK, where he apparently had some limited authority to purchase goods. But he and another man have been jailed for cheating AstraZeneca out of more than $2 million after substantial financial discrepancies were found in the catering budget, The Manchester Evening News reports.
After the 2005 audit, an investigation found about 40 fraudulent payments to a business that turned out to be an art gallery run by Dominic McCall, where Hibbert worked after leaving his job at AstraZeneca. The policy say most of the cash was used by Hibbert and McCall to buy and renovate a large house in Edale, near Buxton, UK; to buy and renovate a property in France; and to buy luxury items.
The pair were each sentenced to four years, and will both serve two years of the sentence in custody, with the second two years under a supervision order. “It is often said that fraud is a victimless crime, but it is estimated that it costs the British economy (about $32 million) per year,” Detective Inspector Giles Orton of the Cheshire Police Economic Crime Unit, tells the paper. “Fraud, therefore, affects all of us.”