Men face jail after fraud scam in North Yorkshire
5:52am 20th November 2009
A man from York and another from Pocklington are due to be sentenced later for their part of a 1 point 43 milion pound fraud investigation.
The money was stolen from York's Aviva PLC which was Norwich Union in 2007.
The thefts took place over a number of years -and the main players in the theft was 35 year John Michael Taylor from York and 36 year old Stephen Spellacy from Pocklington.
Basically Taylor was an account manager at the company and he fiddled security systems - which allowed to transfer funds outside of the business.
Spellacy was at the time a police officer for Humberside policeand helped out Taylor by recovering the money.
Between them they spent the money on trips to London, expensive hotels, lap denacing clubs, holidays and fancy cars.
Both men have already pleaded guilty to the theft and money laundering.
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