One offender’s fraudulent actions had a ‘significant and profound’ impact on an Oxfordshire-based business, police say. Bruce Sui Cox, who worked as a financial director for Kokomo, an Abingdon-based health and beauty company, committed fraud of around £628,000.
On Friday April 22, Cox, 62, of Church Road, Idmiston, Salisbury, was sentenced to three years and four months in prison after pleading guilty to one count of fraud by abuse of position. The breach took place between July 2018 and August 2019.
Cox mishandled company affairs during his role. He was charged by postal requisition last June.
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Following the conviction, Detective Investigator Carly Milward, of Thames Valley Police Major Crimes Unit, said: ‘The fraudulent actions committed by Cox have had a significant and profound impact on the business and the whole of staff involved.The company was close to liquidation and the financial impact is still being felt by the company and will be for some time.
“Cox was in a position of trust which he took advantage of and he neglected the financial interests of the company. I hope the sentencing brings justice to all staff affected by his poor judgment.”