Jailed: The Accountant Who Stole [Pounds Sterling]9m without His City Bosses Noticing; FIVE YEARS FOR 'UNASSUMING' EMPLOYEE WHOSE GAMBLING WAS OUT OF CONTROL

The Evening Standard (London, England), January 26, 2005 | Go to article overview

Jailed: The Accountant Who Stole [Pounds Sterling]9m without His City Bosses Noticing; FIVE YEARS FOR 'UNASSUMING' EMPLOYEE WHOSE GAMBLING WAS OUT OF CONTROL


Byline: OLIVER FINEGOLD

THIS is the crooked accountant who stole more than [pounds sterling]9 million from his City employers.

Wing Kit Chu, 32, took the money from the international engineering giant Charter Plc, to fund an "out-of-control" gambling habit.

In a "sophisticated" series of thefts, he spent more than four years slipping out the money from under the noses of his bosses. Today Chu, known to colleagues as David, was starting a five-year prison sentence after he admitted 102 offences at Southwark Crown Court.

He pulled off the deception by using colleagues' passwords to log on to company computers and authorise massive payments to his spread-betting account.

The court heard that, against the background of an [pounds sterling]800million-a-year turnover, he "simply slipped by unnoticed" as he pocketed up to [pounds sterling]150,000 at a time.

Hong Kong-born Chu used some of the money to buy a [pounds sterling]600,000 four-bedroom home in Farnham Common, Buckinghamshire. Described by workmates as "quiet, unassuming and polite", he became so obsessed by gambling on future FTSE and Nasdaq performance he withdrew almost [pounds sterling]500,000 in the space of three days.

His obsession became so bad he would even bet on who would score the first goal in a football match.

The theft only came to light after he handed in his notice and was asked to help a replacement reconcile some figures. After repeatedly failing to explain the inconsistencies, he sent an email to one of his superiors confessing his guilt. It said: "I don't expect anybody to understand what I have done because I am not sure myself. I am very, very sorry. I doubt if it will be the end of the story so I guess I will hear from you soon." The court heard that Chu laid low for three weeks before handing himself in at Belgravia police station last September. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Jailed: The Accountant Who Stole [Pounds Sterling]9m without His City Bosses Noticing; FIVE YEARS FOR 'UNASSUMING' EMPLOYEE WHOSE GAMBLING WAS OUT OF CONTROL
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.