Finance boss jailed for £1.3m fraud which closed down charity

24 Jul 2017 News

Cardiff Crown Court

The former head of finance at homelessness charity Cyrenians Cymru has been jailed for five years for a £1.3m fraud.

Robert Mark Davies forged invoices at the Swansea-based charity. In February this year he pleaded guilty at Cardiff Magistrates Court to one count of fraud by deception. Sentencing took place at Cardiff Crown Court.

Davies’ fraud covered a six year period between 4 June 2008 and 11 November 2014. Cardiff Crown Court heard he spent money on boats and airfares, and staying at The Savoy in London.

Cyrenians Cymru went into liquidation owing £915,000 in May 2015, largely as a result of Davies' fraud and most of its projects were transferred to other local charities.

The charity specialised in tackling homelessness and poverty in Swansea and the surrounding area. It was registered with the Charity Commission in 1974 and at one point employed 75 staff. It had ten active projects with an estimated 2,500 service users in Wales.

 

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