Convicted fraudster ordered to repay over £150,000 by judge
Main article content
A man who used his position as a bookkeeper to steal hundreds of thousands of pounds from businesses in Kettering has been ordered to pay back more than £150,000 in compensation.
Matthew Clipstone, aged 38, of Polwell Lane, Barton Seagrave, admitted a number of fraud offences and was jailed for five years in 2018 following an investigation by Northamptonshire Police’s Economic Crime Unit (ECU).
Confiscation proceedings then began to recoup the cash Clipstone stole, and on Thursday, May 27, a hearing at Northampton Crown Court saw him ordered to repay £153,955.49, the sum total of his assets, which will be used to compensate his victims.
Detective Sergeant Giles Campling, of the ECU, said: “Over seven years, Matthew Clipstone abused his position of trust to defraud a number of companies out of a total of £228,000.
“He was brazen in his actions, transferring money directly to his own bank account and writing cheques to himself while leading the companies involved to believe the money was being used to pay their tax liabilities to HMRC.
“These actions caused two of the businesses to collapse, left the others struggling to survive, and caused untold heartache and stress for those who had trusted Clipstone to take care of their company finances.
“While the compensation order will not cover all the losses Clipstone is responsible for, it will hopefully go some way to helping those he defrauded, and the conclusion of these lengthy proceedings reflects the hard work of our Fraud Crime Team to first secure his conviction, and their subsequent persistence and dedication to ensure that compensation was achieved for his victims.”