Craig Anthony Marshall siphoned off more than $216,000 into his own bank accounts over 5 years
An insurance broker siphoned off more than $216,000 from his employer to his own bank accounts over a five-year period. Here’s how he did it.
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AN insurance broker siphoned off more than $216,000 from his employer to his own bank accounts over a five-year period.
But police took another two years to interview Craig Anthony Marshall and arrest him after he confessed to his employers at Insurance House Pty Ltd.
The 49-year-old’s scheme was discovered in August 2018 when he took just four days’ leave.
It was revealed he had reduced 167 insurance policies for clients and had the refunds redirected to one of his 26 personal bank accounts between February 2013 and August 2018.
He took more than $216,000.
Due to Marshall’s actions, Insurance House Pty Ltd had their business devalued by $60,000 when they were selling the company.
Marshall pleaded guilty in the Southport District Court on Tuesday to three counts of aggravated fraud.
Judge David Kent sentenced him to four years’ prison to be suspended after 12 months and three years probation on release.
“Like many systematic fraudsters in this white collar area, you were the exemplary employee that never went on holidays,” he said.
“Upon going on holidays the fraud was discovered in about four days.”
Judge Kent was baffled by the delay from police after Marshall confessed to his employer in August 2018.
Insurance House Pty Ltd went to the police the same month.
“For reasons that are not perfectly clear and that are not accredited to you, the police didn’t interview you until July 2020,” Judge Kent said.
Defence lawyer Bill Potts, of Potts Lawyers, said Marshall had been in treatment for his gambling and alcohol addictions since 2018.
He said Marshall had undergone “serious rehabilitation”.
Since the fraud Marshall has been working at the Bank of Queensland in the call centre.
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