Newspaper article The Daily Mercury (Mackay, Australia)

Six Years' Jail for 'Serious Fraud' Offence

Newspaper article The Daily Mercury (Mackay, Australia)

Six Years' Jail for 'Serious Fraud' Offence

Article excerpt

Janessa Ekert

janessa.ekert@dailymercury.com.au

MISGUIDED loyalty prompted Chi Wah Eric Yip to take more than $670,000 from his former employer.

He used the money to buy 10 properties, which were occupied by his work colleagues during a tight rental market.

Then aged 40 to 43, Yip used his position as administration and accounting manager for Thomas Borthwick and Sons Pty Ltd to divert money into nine different accounts over three and a half years between 2010 and 2014.

Crown prosecutor Clayton Wallace said Yip's offending was "protracted" and "sophisticated".

Mr Wallace said Yip was a "mature offender", who was "old enough to know better" and had been "in a position of trust with the company".

The total was more than $670,000, Mr Wallace added.

Defence barrister Bronwyn Hartigan said Yip took the money put of "misguided loyalty" to work colleagues.

They'd been having trouble finding rental accommodation, so he'd decided to fix the problem in his own way. …

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