A used car dealer who sold his employers stock to fund a gambling addiction has been handed an eight month suspended jail sentence and 180 hours of unpaid work.
Steven Armstrong, of Butterley Hill, Ripley admitted selling vehicles owned by Vertu Volkswagen West Bridgford, Nottingham, and kept the value of the sales between October 15, 2014, and January 16, 2015.
He appeared at Nottingham Crown Court after pleading guilty to a charge of fraud by abusing his position after admitting that he pocketed £8,000 from the business in an effort to cover a £30,000 debt run up with loan sharks.
Used car sales manager Armstrong also broke the law when he authorised the provision of credit services on some accounts at the Loughborough Road dealership, …
Read the full article at: http://www.am-online.com/news/dealer-news/2016/03/21/used-car-dealer-avoids-jail-after-fraud-funded-gambling-debt